North Carolina Statutes
§ 157-22 — Title obtained at foreclosure sale subject to agreement with government
Notwithstanding anything in this Article to the contrary, any purchaser or purchasers at a sale of real or personal property of the authority whether pursuant to any foreclosure of a mortgage, pursuant to judicial process or otherwise, shall obtain title subject to any contract between the authority and a government relating to the supervision by a government of the operation and maintenance of such property and the construction of improvements thereon. (1935, c. 456, s. 22.)
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Nearby Sections
15
§ 157-1
Title of Article§ 157-10
Cooperation of authorities§ 157-11
Eminent domain§ 157-13
Zoning and building laws§ 157-15
Form and sale of bonds§ 157-17.1
Approval of mortgages by Local Government Commission; considerations; rules and regulations§ 157-20
Remedies cumulative