NORTH CAROLINA GENERAL ASSEMBLY

1961 SESSION

 

 

CHAPTER 604

HOUSE BILL 523

 

 

AN ACT TO AMEND G.S. 45‑21.38 RELATING TO THE ABOLITION OF DEFICIENCY JUDGMENTS WHERE MORTGAGE REPRESENTS PART OF THE PURCHASE PRICE.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 45‑21.38 is hereby amended by inserting immediately after the word ''secure" and before the word "payment" in line four thereof the words "to the seller the".

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 2nd day of June, 1961.