In all deeds of trust made prior to March 15, 1941, wherein property has been conveyed to corporations as trustees to secure indebtedness, the appointment of said corporations as trustees, the conveyances to said corporate trustees, and the action taken under the powers of such deeds of trust by said corporate trustees are hereby confirmed and validated to the same extent as if such corporate trustees had been individual trustees.
N.C. Gen. Stat. § 45-21
Validation of appointment of and conveyances to corporations as trustees
Applied in 13 court decisions — leading case 208 N.C. App. 259 - Goad v. Chase Home Finance, LLC (2010)
Most recently applied in 257 N.C. App. 237 - Wilson v. SunTrust Bank (December 2017)
1941, c. 245, s. 1.
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.