North Carolina § 153A-163 Acquisition of property at a judicial sale, execution sale, or sale pursuant to a power of sale; disposition of such property

North Carolina Statutes

§ 153A-163 — Acquisition of property at a judicial sale, execution sale, or sale pursuant to a power of sale; disposition of such property

North Carolina § 153A-163

Ch. 153ACounties

Art. 8County Property

This text of North Carolina § 153A-163 (Acquisition of property at a judicial sale, execution sale, or sale pursuant to a power of sale; disposition of such property) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 153A-163 (2026).

Text

A county, city, or other unit of local government may purchase real property at a judicial sale, an execution sale, or a sale made pursuant to a power of sale, to secure a debt due the county, city, or other unit. The purchasing government may sell any property so acquired by private sale for not less than the amount of its bid or may sell or exchange the property for any amount according to the procedures prescribed by Chapter 160A, Article 12. (1868, c. 20, s. 8; 1879, c. 144, s. 1; Code, s. 707; Rev., s. 1318; C.S., s. 1297; 1973, c. 822, s. 1.)

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A county, city, or other unit of local government may purchase real property at a judicial sale, an execution sale, or a sale made pursuant to a power of sale, to secure a debt due the county, city, or other unit. The purchasing government may sell any property so acquired by private sale for not less than the amount of its bid or may sell or exchange the property for any amount according to the procedures prescribed by Chapter 160A, Article 12. (1868, c. 20, s. 8; 1879, c. 144, s. 1; Code, s. 707; Rev., s. 1318; C.S., s. 1297; 1973, c. 822, s. 1.)