§ 153A-163. Acquisition of property at a judicial sale, execution sale, or sale pursuant to a power of sale; disposition of such property. - North Carolina Statutes

§ 153A‑163. Acquisition of property at a judicial sale, execution sale, or sale pursuant toa power of sale; disposition of such property.

A county, city, or other unit of local government may purchase realproperty at a judicial sale, an execution sale, or a sale made pursuant to apower of sale, to secure a debt due the county, city, or other unit. Thepurchasing government may sell any property so acquired by private sale for notless than the amount of its bid or may sell or exchange the property for anyamount according  to the procedures prescribed by Chapter 160A, Article 12. (1868, c. 20, s. 8; 1879, c. 144, s. 1; Code, s. 707;Rev., s. 1318; C.S., s. 1297; 1973, c. 822, s. 1.)