{"data":{"id":"us-nc/n.c.-gen.-stat.-25-9-619","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-9-619","heading":"Transfer of record or legal title.","body":"(a)\t\"Transfer Statement.\" - In this section, \"transfer statement\" means a record signed by a secured party stating all of the following:\n(1)\tThat the debtor has defaulted in connection with an obligation secured by specified collateral.\n(2)\tThat the secured party has exercised its post default remedies with respect to the collateral.\n(3)\tThat, by reason of the exercise, a transferee has acquired the rights of the debtor in the collateral.\n(4)\tThe name and mailing address of the secured party, debtor, and transferee.\n(b)\tEffect of Transfer Statement. - A transfer statement entitles the transferee to the transfer of record of all rights of the debtor in the collateral specified in the statement in any official filing, recording, registration, or certificate-of-title system covering the collateral. If a transfer statement is presented with the applicable fee and request form to the official or office responsible for maintaining the system, the official or office shall do all of the following:\n(1)\tAccept the transfer statement.\n(2)\tPromptly amend its records to reflect the transfer.\n(3)\tIf applicable, issue a new appropriate certificate of title in the name of the transferee.\n(c)\tTransfer Not a Disposition; No Relief of Secured Party's Duties. - A transfer of the record or legal title to collateral to a secured party under subsection (b) of this section or otherwise is not of itself a disposition of collateral under this Article and does not of itself relieve the secured party of its duties under this Article. (2000-169, s. 1; 2025-25, s. 103.)","path":["Chapter 25. Uniform Commercial Code.","Article 9. Secured Transactions.","Part 6. Default."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-9-619.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"2c510d86badaeebacc7baea3a22af1f76019d071159bf2e8756e912e210abba4","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-9-618","next":"us-nc/n.c.-gen.-stat.-25-9-620"},"notice":"GroundRules: Original legal text. Not legal advice."}