§ 1-339.15. Public sale; contents of notice of sale. - North Carolina Statutes

§1‑339.15.  Public sale; contents of notice of sale.

The notice of public saleshall:

(1)        Refer to the orderauthorizing the sale;

(2)        If the sale is to beby public auction, designate the date, hour and place of sale;

(2a)      If the sale is to bea sale of timber by sealed bid, specify:

a.         The date on whichsealed bids will first be accepted;

b.         The place or addressat which sealed bids are to be submitted;

c.         The manner and formin which sealed bids are to be submitted;

d.         The time and placeat which any sealed bids received will be opened; and

e.         The minimum numberof bids required, as determined pursuant to G.S. 1‑339.13(a)(7);

(3)        Describe realproperty to be sold, by reference or otherwise, sufficiently to identify it,and may add any further description as will acquaint bidders with the natureand location of the property;

(4)        Describe personalproperty to be sold sufficiently to indicate its nature and quantity, and mayadd any further description as will acquaint bidders with the nature of theproperty;

(5)        State the terms ofthe sale, specifying the amount of the cash deposit, if any, to be made by thehighest bidder at the sale and, in the case of a sale by sealed bid, the dateby which any deposit shall be made, as determined pursuant to G.S. 1‑339.13(a)(7);and

(6)        Include any otherprovisions required by the order of sale to be included therein. (1949,c. 719, s. 1; 1997‑83, s. 7.)