{"data":{"id":"us-nc/n.c.-gen.-stat.-45-21.1","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 45-21.1","heading":"Definitions; construction.","body":"(a)\tThe following definitions apply in this Article:\n(1)\t\"Resale\" means a resale of real property or a resale of any leasehold interest created by a lease of real property held pursuant to G.S. 45-21.30.\n(2)\t\"Sale\" means a sale of real property or a sale of any leasehold interest created by a lease of real property pursuant to (i) an express power of sale contained in a mortgage, deed of trust, leasehold mortgage, or leasehold deed of trust or (ii) a \"power of sale\", under this Article, authorized by other statutory provisions.\n(b)\tThe following constructions apply in this Article:\n(1)\tThe terms \"mortgage\" or \"deed of trust\" include leasehold mortgages or leasehold deeds of trust.\n(2)\tThe terms \"mortgagee\" or \"trustee\" include any person or entity exercising a power of sale pursuant to this Article.\n(3)\tThe terms \"real property\" or \"property\" include any leasehold interest created by a lease of real property. (1949, c. 720, s. 1; 1967, c. 562, s. 2; 1991, c. 255; 1993, c. 305, s. 1.)","path":["Chapter 45. Mortgages and Deeds of Trust.","Article 2A. Sales Under Power of Sale.","Part 1. General Provisions."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_45/GS_45-21.1.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:02:57Z","sha256":"0bee22818d065d4fb69eb3dfef7281fecbc08d26a21f24fb5aebe3f79effccc1","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-45-21.01","next":"us-nc/n.c.-gen.-stat.-45-21.2"},"notice":"GroundRules: Original legal text. Not legal advice."}