North Carolina Statutes
§ 54B-152 — Real property encumbrances
North Carolina § 54B-152
This text of North Carolina § 54B-152 (Real property encumbrances) 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. § 54B-152 (2026).
Text
(a)Real property is deemed unencumbered within the meaning of this Chapter unless the security instrument thereon establishes a first lien upon such real property or interest therein.
(b)Notwithstanding the provisions of the immediately preceding subsection, real property is not deemed encumbered within the meaning of this Chapter merely by reason of the existence of:
(1)An instrument reserving a right-of-way, sewer rights, or rights in wells; or
(2)Building restrictions or other restrictive covenants; or
(3)A lease under which rents or profits are reserved by the owner; or
(4)Current taxes or assessments not yet payable; or
(5)Other encumbrances which, in accordance with sound lending practices in the locality, are not regarded as constituting defects in title to real property. (19
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
15
§ 54B-1
Title§ 54B-10
Certificate of incorporation§ 54B-100
Membership of a mutual association§ 54B-101
Directors§ 54B-102
Employment policies§ 54B-104
Conflicts of interest§ 54B-105
Voting rights§ 54B-106
Annual meetings; notice required§ 54B-107
Special meetings; notice required§ 54B-108
Quorum§ 54B-109
Indemnification§ 54B-110
Days and hours of operationCite This Page — Counsel Stack
Bluebook (online)
North Carolina § 54B-152, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/54B/54B-152.