NORTH CAROLINA GENERAL ASSEMBLY

1967 SESSION

 

 

CHAPTER 705

HOUSE BILL 539

 

 

AN ACT TO AMEND G.S. 105-391 SO AS TO CLARIFY THE PROCEDURE FOR DISPOSING OF SURPLUS FUNDS IN TAX FORECLOSURE SALES.

 

The General Assembly of North Carolina do enact:

 

Section 1.  That G.S. 105-391 (s) be amended by adding a new sentence thereto, to follow the first sentence thereto, and to read as follows:

"If the clerk is in doubt as to who is entitled to the surplus, or if any adverse claims are asserted thereto, the clerk shall hold such surplus until rights thereto are established in a special proceeding pursuant to G.S. 1-339.71."

Sec. 2.  That G.S. 1-339.71 (a) be amended by adding, in the third line thereof, following the reference to G.S. 1-339.70, the following: "or G.S. 105-391."

Sec. 3.  All laws and clauses of laws in conflict herewith are hereby repealed.

Sec. 4.  This Act shall be in full force and effect from and after ratification.

In the General Assembly read three times and ratified, this the 6th day of June, 1967.