North Carolina § 58-7-193 - Valuation of property.
Full text of North Carolina North Carolina General Statutes § 58-7-193 — Valuation of property., with citation guidance and answers to common questions.
§ 58-7-193. Valuation of property.
, (b) Repealed by Session Laws 2003-212, s. 9, effective October 1, 2003. Personal property acquired pursuant to chattel mortgages made in accordance with G.S. 58-7-180 shall not be valued at an amount greater than the unpaid balance of principal on the defaulted loan at the date of acquisition, or the fair market value of the property, whichever amount is less. If the Commissioner and an insurer do not agree on the value of real or personal property of an insurer, in carrying out the Commissioner's responsibilities under this section, the Commissioner may retain the services of a qualified real or personal property appraiser. The insurer shall reimburse the Commissioner for the costs of the services of any appraiser incurred with respect to the Commissioner's responsibilities under this section. History (1991, c. 681, s. 29; 2003-212, s. 9.) § 58-7-195: Repealed by Session Laws 2003-212, s. 10, effective October 1, 2003.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 58-7-193
What does North Carolina General Statutes § 58-7-193 cover?
Section 58-7-193 ("Valuation of property.") 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 § 58-7-193?
A common citation format is "North Carolina General Statutes § 58-7-193" (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 § 58-7-193 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.