N.C. Gen. Stat. § 45-74
Article not exclusive
Redline — June 1, 2021 → current.View current text →
Current — June 1, 2022
As of June 1, 2021
The provisions of this Article shall not be deemed exclusive. Nothing in this Article shall invalidate or overrule any rule of validity or priority applicable to any security instrument failing to comply with the provisions of this Article.
The provisions of this Article shall not be deemed exclusive. Nothing in this Article shall invalidate or overrule any rule of validity or priority applicable to any security instrument failing to comply with the provisions of this Article.
History
(1969, c. 736, s. 1; 2011-312, s. 19.)
(1969, c. 736, s. 1; 2011-312, s. 19.)
Effect of Amendments. - Session Laws 2011-312, s. 19, effective October 1, 2011, deleted "and no security instrument securing future advances or future obligations which is otherwise valid shall be invalidated by failure to comply with the provisions of this Article" from the end of the first sentence, and added the last sentence.
Effect of Amendments. - Session Laws 2011-312, s. 19, effective October 1, 2011, deleted "and no security instrument securing future advances or future obligations which is otherwise valid shall be invalidated by failure to comply with the provisions of this Article" from the end of the first sentence, and added the last sentence.
Legal Periodicals. - For article, "Future Advances Lending in North Carolina," see 13 Wake Forest L. Rev. 297 (1977).
Legal Periodicals. - For article, "Future Advances Lending in North Carolina," see 13 Wake Forest L. Rev. 297 (1977).
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.