§ 39-23.3 – Value.
39-23.3. Value. (a) Value is given for a transfer or an obligation if, in exchange for the transfer or obligation, property is transferred or an antecedent debt is secured or satisfied, but value does not include an unperformed promise made otherwise than in the ordinary course of the promisor’s business to furnish support to the […]
§ 39-13.1 – Validation of certain deeds, etc., executed by married women without private examination.
39-13.1. Validation of certain deeds, etc., executed by married women without private examination. (a) No deed, contract, conveyance, leasehold or other instrument executed since the seventh day of November, 1944, shall be declared invalid because of the failure to take the private examination of any married woman who was a party to such deed, contract, […]
§ 39-13.2 – Married persons under 18 made competent as to certain transactions; certain transactions validated.
39-13.2. Married persons under 18 made competent as to certain transactions; certain transactions validated. (a) Any married person under 18 years of age is authorized and empowered and shall have the same privileges as are conferred upon married persons 18 years of age or older to: (1) Waive, release or renounce by deed or other […]
§ 39-13.3 – Conveyances between husband and wife.
39-13.3. Conveyances between husband and wife. (a) A conveyance from a husband or wife to the other spouse of real property or any interest therein owned by the grantor alone vests such property or interest in the grantee. (b) Recodified as G.S. 41-56(b) by Session Laws 2020-50, s. 1(b), effective June 30, 2020. (c) Recodified […]
§ 39-13.4 – Conveyances by husband or wife under deed of separation.
39-13.4. Conveyances by husband or wife under deed of separation. Any conveyance of real property, or any interest therein, by the husband or wife who have previously executed a valid and lawful deed of separation which authorizes said husband or wife to convey real property or any interest therein without the consent and joinder of […]
§ 39-6.5 – Elimination of seal.
39-6.5. Elimination of seal. The seal of the signatory shall not be necessary to effect a valid conveyance of an interest in real property; provided, that this section shall not affect the requirement for affixing a seal of the officer taking an acknowledgment of the instrument. (1999-221, s. 2.)
§ 39-6.6 – Subordination agreements.
39-6.6. Subordination agreements. (a) A subordination agreement shall be given effect in accordance with its terms and is not required to state any interest rate, principal amount secured, or other financial terms. (b) The trustee of a deed of trust shall not be a necessary party to a subordination agreement unless the deed of trust […]
§ 39-6.7 – Construction of conveyances to or by trusts.
39-6.7. Construction of conveyances to or by trusts. (a) A deed, will, beneficiary designation, or other instrument that purports to convey, devise, or otherwise transfer any ownership or security interest in real or personal property to a trust shall be deemed to be a transfer to the trustee or trustees of that trust. (b) A […]
§ 39-7 – Instruments affecting married person's title; joinder of spouse; exceptions.
39-7. Instruments affecting married person’s title; joinder of spouse; exceptions. (a) In order to waive the elective life estate of either husband or wife as provided for in G.S. 29-30, every conveyance or other instrument affecting the estate, right or title of any married person in lands, tenements or hereditaments must be executed by such […]
§ 39-7.1 – Certain instruments affecting married woman's title not executed by husband validated.
39-7.1. Certain instruments affecting married woman’s title not executed by husband validated. No conveyance, power of attorney, or other instrument affecting the estate, right or title of any married woman in lands, tenements or hereditaments which was executed by such married woman prior to June 8, 1965, shall be invalid for the reason that the […]