{"data":{"id":"us-nc/n.c.-gen.-stat.-1-339.31","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 1-339.31","heading":"Public sale; report of commissioner or trustee in deed of trust.","body":"(a)\tA commissioner or a trustee in a deed of trust, authorized pursuant to G.S. 1-339.4 to hold a public sale of property, shall, in addition to all other reports required by this Article, file with the clerk of the superior court an account of his receipts and disbursements as follows:\n(1)\tWhen the sale is for cash, a final report shall be filed within thirty days after receipt of the proceeds of the sale;\n(2)\tWhen the sale is wholly or partly on time and the commissioner or trustee is not required to collect deferred payments, a final report shall be filed within thirty days after receipt of the cash payment, if any is required, and the receipt of all securities for the purchase price;\n(3)\tWhen the commissioner or trustee is required to collect deferred payments,\na.\tHe shall file a preliminary report within thirty days after receipt of the cash payment, if any is required, and the receipt of all securities for the purchase price, and\nb.\tIf the period of time during which he is required to collect deferred payments extends over more than one year, he shall file an annual report of his receipts and disbursements, and\nc.\tAfter collecting all deferred payments, he shall file a final report.\n(b)\tThe clerk shall audit and record the reports and accounts required to be filed pursuant to this section. (1949, c. 719, s. 1.)","path":["Chapter 1. Civil Procedure.","SUBCHAPTER X. EXECUTION.","Article 29A. Judicial Sales.","Part 2. Procedure for Public Sales of Real and Personal Property."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_1/GS_1-339.31.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:54:12Z","sha256":"e3b300231249b6077a01ad0e3fee1592d7296b2233d444341d42eadc7c775d6d","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-1-339.30","next":"us-nc/n.c.-gen.-stat.-1-339.32"},"notice":"GroundRules: Original legal text. Not legal advice."}