State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_43 > GS_43-48

§43‑48.  Foreclosure of tax lien.

The lien for ad valorem taxesmay be foreclosed and the property sold pursuant to G.S. 105‑375. A noteof the sale under this section shall be duly registered, and a certificateshall be entered and an owner's certificate issued in favor of the purchaser inwhom title shall be thereby vested as registered owner, in accordance with theprovisions of this Chapter. Nothing in this section shall be so construed as toaffect or divert the title of a tenant in reversion or remainder to any realestate which has been returned delinquent and sold on account of the default ofthe tenant for life in paying the taxes or assessments thereon. (1913,c. 90, s. 23; C.S., s. 2421; 1999‑59, s. 9.)