GENERAL ASSEMBLY OF NORTH CAROLINA

1987 SESSION

 

 

CHAPTER 493

HOUSE BILL 1198

 

AN ACT TO ELIMINATE THE REQUIREMENT THAT A NOTICE OF SALE DESCRIBE IMPROVEMENTS ON THE PROPERTY.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 45-21.16A(3) reads as rewritten:

"(3)      Describe the real property (including improvements thereon) to be sold in such a manner as is reasonably calculated to inform the public as to what is being sold, which description may be in general terms and incorporate the description as used in the instrument containing the power of sale by reference thereto. Any property described in the instrument containing the power of sale which is not being offered for sale should also be described in such a manner as to enable prospective purchasers to determine what is and what is not being offered for sale."

Sec. 2.  This act is effective upon ratification.

In the General Assembly read three times and ratified this the 26th day of June, 1987.