North Carolina § 58-74-35 - When additional security required.
Full text of North Carolina North Carolina General Statutes § 58-74-35 — When additional security required., with citation guidance and answers to common questions.
§ 58-74-35. When additional security required.
If, from any cause, the property mortgaged in lieu of a bond becomes of less value than the amount of the bond in lieu of which the mortgage is given, and it so appears upon affidavit of any person having any interest in the matter as a security for which the mortgage was given, it is the duty of the mortgagor to give additional security by a deposit of money, or the execution of a mortgage on more property, or justify as required in cases where bond or undertaking is given. History (1874-5, c. 103, s. 5; Code, s. 119; Rev., s. 271; C.S., s. 352.)
Frequently Asked Questions About North Carolina § 58-74-35
What does North Carolina General Statutes § 58-74-35 cover?
Section 58-74-35 ("When additional security required.") 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 § 58-74-35?
A common citation format is "North Carolina General Statutes § 58-74-35" (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 § 58-74-35 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.