GroundRules
N.C. Gen. Stat. § 53C-9-405: Appointment of substitute trustee where no objection made.
Where this section sits in the code
- Chapter 53C. Regulation of Banks.
- Article 9. Supervisory Liquidation; Voluntary Dissolution and Liquidation.
- Part 4. Provisions Relating to Any Dissolution or Receivership.
If, upon the day fixed in the notice, no person appears and objects to the appointment of a substitute trustee, the clerk of superior court shall, upon such terms as he or she deems advisable to the best interest of all parties, appoint a competent person authorized to act as substitute trustee, who shall be vested with and shall exercise all the powers conferred upon the trustee named in the instrument. (2012-56, s. 4.)
Collected 2026-08-27T18:05:27Z. Source file · JSON