State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_1 > GS_1-407_2

§1‑407.2.  When court may waive bond; premium paid from fund protected.

The court, in its discretion,may waive the requirement of such bond in those cases in which the courtrequires the funds or proceeds from such sale to be paid by the purchaser orpurchasers directly to the court. The premium for any such bond shall be paidfrom the corpus of the fund intended to be thereby protected. (1957,c. 80.)