N.C. Gen. Stat. » Chapter 54
NC General Statutes

N.C. Gen. Stat. § 54-55 (2026)

Mortgage forms; approval

✓ laws through the 2026 session (checked Oct. 2026)
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The mortgages to be given to the association, the bonds to be issued and the trust deed executed to secure the bonds shall be in such form and shall contain such conditions as will adequately protect all parties thereto. The trustees shall provide the forms subject to the joint approval of the Commissioner of Banks and the Attorney General. (1925, c. 223, s. 7; 1931, c. 243, s. 5.)

 

Notes of Decisions
Cited in 1 case, 2008–2008 · leading case: State ex rel. Ross v. Overcash, 666 S.E.2d 217 (N.C. Ct. App. 2008).
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State ex rel. Ross v. Overcash, 666 S.E.2d 217 (N.C. Ct. App. 2008). “§§ 54-55. The law explicitly requires a permit for any mining operation and does not give the Division of Land Resources, DENR, or any State agency the authority to make an exception and allow for mining without a permit.”
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