State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_1 > GS_1-315

§1‑315.  Property liable to sale under execution; bill of sale.

(a)        The followingproperty of the judgment debtor, not exempted from sale under the Constitutionand laws of this State, may be levied on and sold under execution:

(1)        Goods, chattels, andreal property belonging to him.

(2)        Leasehold estates ofthree years duration or more owned by him.

(3)        Equitable and legalrights of redemption in personal and real property pledged or mortgaged by him,or transferred to a trustee for security by him.

(4)        Real property orgoods and chattels of which any person is seized or possessed in trust for him.

(5)        Choses in actionrepresented by instruments which are indispensable to the chose in action.

(6)        Choses in actionrepresented by indispensable instruments, which are secured by any interest inproperty, together with the security interest in property.

(7)        Interests as vendeeunder conditional sales contracts of personal property.

(b)        Upon the sale underexecution of any property or interest for which no provision is otherwise madeunder this article for the furnishing of a deed or other instrument of title,the officer holding the sale shall execute and deliver to the purchaser a billof sale.

(c)        No execution shallbe levied on growing crops until they are matured. (5 Geo. II, c. 7, s. 4; 1777,c. 115, s. 29, P.R.; 1812, c. 830, ss. 1, 2, P.R.; 1822, c. 1172, P.R.; 1844,c. 35; R.C., c. 45, ss. 1‑5, 11; Code, ss. 450, 453; Rev., ss. 629, 632;1919, c. 30; C.S., s. 677; 1961, c. 81.)