§ 23-7. Substituted trustee to give bond. - North Carolina Statutes

§23‑7.  Substituted trustee to give bond.

Upon the removal orresignation of any trustee it is the duty of the clerk to require the personappointed to execute the provisions of such deed of trust, before entering uponhis duties, to file with the clerk a good and sufficient bond, to be approvedby him in a sum double the value of the property in said deed of trust, payableto the State of North Carolina, and conditioned that such person shallfaithfully execute and carry into effect the provisions of said deed of trust. (1893,c. 453, s. 3; Rev., s. 970; 1909, c. 918, s. 4; 1915, c. 176, s. 2; C.S., s.1615.)