North Carolina § 44A-5 - Proceeds of sale.
Full text of North Carolina North Carolina General Statutes § 44A-5 — Proceeds of sale., with citation guidance and answers to common questions.
§ 44A-5. Proceeds of sale.
The proceeds of the sale shall be applied as follows: Payment of reasonable expenses incurred in connection with the sale. Expenses of sale include but are not limited to reasonable storage and boarding expenses after giving notice of sale. Payment of the obligation secured by the lien. Any surplus shall be paid to the person entitled thereto; but when such person cannot be found, the surplus shall be paid to the clerk of superior court of the county in which the sale took place, to be held by the clerk for the person entitled thereto. History (1967, c. 1029, s. 1; 1971, c. 544, s. 2.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 44A-5
What does North Carolina General Statutes § 44A-5 cover?
Section 44A-5 ("Proceeds of sale.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 44A-5?
A common citation format is "North Carolina General Statutes § 44A-5" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 44A-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.