State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_47 > GS_47-9

§47‑9.  Probates before stockholders in building and loan associations.

No acknowledgment or proof ofexecution of any mortgage or deed of trust executed to secure the payment ofany indebtedness to any building and loan association shall hereafter be heldinvalid by reason of the fact that the officer taking such acknowledgment orproof is a stockholder in said building and loan association. This section doesnot authorize any officer or director of a building and loan association totake acknowledgments or proofs. The provisions of this section shall apply tofederal savings and loan associations having their principal offices in thisState. Acknowledgments and proofs of execution, including private examinationsof any married woman taken before March 20, 1939, by an officer who is or was astockholder in any federal savings and loan association, are hereby validated. (1913,c. 110, ss. 1, 3; C.S., s. 3301; 1939, c. 136; 1977, c. 375, s. 12.)