NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 852

HOUSE BILL 323

 

 

AN ACT TO REWRITE G.S. 39-13 SO AS TO ELIMINATE NECESSITY FOR JOINDER OF EITHER HUSBAND OR WIFE IN A PURCHASE-MONEY MORTGAGE.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 39-13 is hereby amended by rewriting the Section to read as follows:

"§ 39-13.  Spouse Need not Join in Purchase-Money Mortgage. The purchaser of real estate who does not pay the whole of the purchase money at the time when he or she takes a deed for title may make a mortgage or deed of trust for securing the payment of such purchase money, or such part thereof as may remain unpaid, which shall be good and effectual against his or her spouse as well as the purchaser, without requiring the spouse to join in the execution of such mortgage or deed of trust."

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall become effective upon its ratification.

In the General Assembly read three times and ratified, this the 8th day of June, 1965.