NORTH CAROLINA GENERAL ASSEMBLY

1981 SESSION

 

 

CHAPTER 580

SENATE BILL 542

 

 

AN ACT TO PROVIDE FOR SEPARATE DESIGNATION OF LIENHOLDERS IN PROPERTY TAX FORECLOSURE ACTIONS.

 

The General Assembly of North Carolina enacts:

 

Section 1. G.S. 105-374 is amended by:

(a)        redesignating present subsection (c) as subsection (c)(1); and

(b)        by adding immediately after redesignated subsection (c)(1) a new subsection (c)(2), to read as follows:

"(c)(2)  Lienholders separately designated. The word 'lienholder' shall appear immediately after the name of each lienholder (including trustees and beneficiaries in deeds of trust, and holders of judgment liens) whose name appears in the caption of any action instituted under the provisions of this section. Such designation is intended to make clear to the public the capacity of such persons which necessitated their having been made parties to such action. Failure to add such designation to captions shall not constitute grounds for attacking the validity of actions brought under this section, or titles to real property derived from such actions."

Sec. 2. This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 15th day of June, 1981.