State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_1 > GS_1-339_24

§1‑339.24.  Public sale; report of sale; when final as to personalproperty.

(a)        The person holdinga public sale shall, within five days after the date of the sale if the salewas by auction, or within five days after the date on which bids were opened ifthe sale was a sale of timber by sealed bid, file a report thereof with theclerk of the superior court of the county where the proceeding for the sale ispending.

(b)        The report shall besigned by the person authorized to hold the sale, or by his agent or attorneyand shall show

(1)        The title of theaction or proceeding;

(2)        The authority underwhich the person making the sale acted;

(3)        If the sale was bypublic auction, the date, hour and place of the sale;

(3a)      If the sale was asale of timber by sealed bid, the date, time, and place at which the sealedbids were opened, the number of bids received, and the amount of each bid;

(4)        A description ofreal property sold, by reference or otherwise, sufficient to identify it, and,if sold in parts, a description of each part so sold; and

(5)        A description ofpersonal property sold, sufficient to indicate the nature and quantity of theproperty sold to each purchaser;

(6)        The names of thepurchasers;

(7)        The price at whichthe property, or each part thereof, was sold and that this price was thehighest bid therefor; and

(8)        The date of thereport.

(c)        The report of saleof personal property, when confirmation of the sale is not required, mayinclude such additional information as is required by G.S. 1‑339.31 orG.S. 1‑339.32, whichever is applicable, and when such additionalinformation is included, the report shall constitute the final report of saleof personal property. If the report does not include the additional informationrequired by G.S. 1‑339.31 or G.S. 1‑339.32, the final reportrequired by those sections shall be subsequently filed.

(d)        The report of asale of timber by sealed bid shall include the information required by G.S. 1‑339.13A(b)and G.S. 1‑339.17(c1). (1949, c. 719, s. 1; 1997‑83,ss. 15‑17.)