§ 105-269.13 — Debts not collectible under North Carolina law

North Carolina § 105-269.13

• Jurisdiction: North Carolina
• Ch. 105: Taxation
• Art. 9: General Administration; Penalties and Remedies
• Subch. I: LEVY OF TAXES

Text

(a) Debts Not Collectible. - The following debts are not collectible and are not subject to execution under Article 28 of Chapter 1 of the General Statutes or any other provision of law:
(1) A loan made by a person who does not comply with G.S. 105-88.
(2) A debt owed to a retailer described in subsection (b) of this section as the result of the purchase of tangible personal property.
(b) Retailer. - A debt owed to a retailer is subject to this section if all of the following applies to the retailer:
(1) The retailer meets one or more of the conditions in G.S. 105-164.8(b).
(2) The retailer is not registered to collect the use tax due under Article 5 of this Chapter on its sales delivered to an address in North Carolina.
(3) The retailer reported gross sales of at least five million dollars ($5,000,000) on its most recent federal income tax return.
(c) Assignment. - An assignment to a person of a debt listed in subsection (a) of this section is subject to the collection restrictions imposed by this section.

Legislative History

(2000-120, s. 9.)