47B-1. Declaration of policy and statement of purpose. It is hereby declared as a matter of public policy by the General Assembly of the State of North Carolina that: (1) Land is a basic resource of the people of the State of North Carolina and should be made freely alienable and marketable so far as […]
47B-2. Marketable record title to estate in real property; 30-year unbroken chain of title of record; effect of marketable title. (a) Any person having the legal capacity to own real property in this State, who, alone or together with his predecessors in title, shall have been vested with any estate in real property of record […]
47B-3. Exceptions. Such marketable record title shall not affect or extinguish the following rights: (1) Rights, estates, interests, claims or charges disclosed by and defects inherent in the muniments of title of which such 30-year chain of record title is formed, provided, however, that a general reference in any of such muniments to rights, estates, […]
47B-4. Preservation by notice; contents; recording; indexing. (a) Any person claiming a right, estate, interest or charge which would be extinguished by this Chapter may preserve the same by registering within such 30-year period a notice in writing, duly acknowledged, in the office of the register of deeds for the county in which the real […]
47B-5. Extension of time for registering notice of claims which Chapter would otherwise bar. If the 30-year period specified in this Chapter shall have expired prior to October 1, 1973, no right, estate, interest, claim or charge shall be barred by G.S. 47B-2 until October 1, 1976, and any right, estate, interest, claim or charge […]
47B-6. Registering false claim. No person shall use the privilege of registering notices hereunder for the purpose of asserting false or fictitious claims to real property; and in any action relating thereto if the court shall find that any person has intentionally registered a false or fictitious claim, the court may award to the prevailing […]
47B-7. Limitations of actions and recording acts. Nothing contained in this Chapter shall be construed to extend the period for the bringing of an action or for the doing of any other required act under the statutes of limitations, nor, except as herein specifically provided, to affect the operation of any statutes governing the effect […]
47B-8. Definitions. As used in this Chapter: (1) The term "person" denotes singular or plural, natural or corporate, private or governmental, including the State and any political subdivision or agency thereof, and a partnership, unincorporated association, or other entity capable of owning an interest in real property. (2) The term "title transaction" means any transaction […]
47B-9. Chapter to be liberally construed. This Chapter shall be liberally construed to effect the legislative purpose of simplifying and facilitating real property title transactions by allowing persons to rely on a record chain of title of 30 years as described in G.S. 47B-2, subject only to such limitations as appear in G.S. 47B-3. (1973, […]
