N.C. Gen. Stat. § 20-58.5

Current through Session Law 2024-3
Section 20-58.5 - Duration of security interest in favor of corporations which dissolve or become inactive

Any security interest recorded in favor of a corporation which, since the recording of such security interest, has dissolved or become inactive for any reason, and which remains of record as a security interest of such corporation for a period of more than three years from the date of such dissolution or becoming inactive, shall become null and void and of no further force and effect.

N.C. Gen. Stat. § 20-58.5

1961, c. 835, s. 6; 1969, c. 838, s. 1; 1979, c. 145, s. 4.