No chattel mortgage, agricultural lien or other lien of any nature upon peanuts, cotton, soybeans, corn, wheat or other grains shall be effective for any purpose for a longer period than 18 months from the date of sale or the date of delivery to the purchaser, whichever date shall fall last. This section shall not absolve any person from prosecution and punishment for crime.
N.C. Gen. Stat. § 44-69.1
Effective period for liens on peanuts, cotton and grains
Applied in 4 court decisions — leading case Magnolia Federal Bank for Savings v. United States (1995)
Most recently applied in Magnolia Federal Bank for Savings v. United States (January 1995)
1955, c. 266; 1975, c. 318.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.