NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 879

HOUSE BILL 375

 

 

AN ACT TO AMEND G.S. 45-21.44 RELATING TO THE VALIDATION OF CERTAIN FORECLOSURE SALES.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 45-21.44 is hereby amended by striking out "June 1, 1963", as the date of validation of foreclosure sales in lines 1 and 2 and inserting in lieu thereof the date "February 1, 1968," so that G.S. 45-21.44 will then read as follows:

"§ 45-21.44.  Validation of foreclosure sales when provisions of G.S.45-21.17(c)(2) not complied with. — In all cases prior to February 1, 1968, where mortgages or deeds of trust on real estate with power of sale have been foreclosed pursuant to said power by proper advertisement except that the date of the last publication was from seven to twenty days preceding the date of sale, all such sales are fully validated, ratified, and confirmed and shall be as effective to pass title to the real estate described therein as fully and to the same extent as if the provisions of G.S. 45-21.17(c)(2) had been fully complied with."

Sec. 2.  This act shall not apply to any pending litigation.

Sec. 3.  This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 16th day of July, 1971.