North Carolina § 45-21 - 11. Application of statute of limitations to serial notes.
Full text of North Carolina North Carolina General Statutes § 45-21 — 11. Application of statute of limitations to serial notes., with citation guidance and answers to common questions.
§ 45-21. 11. Application of statute of limitations to serial notes.
When a series of notes maturing at different times is secured by a mortgage or deed of trust and the exercise of the power of sale for the satisfaction of one or more of the notes is barred by the statute of limitations, that fact does not bar the exercise of the power of sale for the satisfaction of indebtedness represented by other notes of the series not so barred. History (1949, c. 720, s. 1; 1967, c. 562, s. 2.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 45-21
What does North Carolina General Statutes § 45-21 cover?
Section 45-21 ("11. Application of statute of limitations to serial notes.") 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 § 45-21?
A common citation format is "North Carolina General Statutes § 45-21" (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 § 45-21 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.