§ 44A-90. Title of purchaser. - North Carolina Statutes

§ 44A‑90.  Title ofpurchaser.

(a)        A purchaser forvalue at a properly conducted sale under this Article, and a purchaser forvalue without constructive notice of a defect in the sale, whether or not thepurchaser is the lienor or an agent of the lienor, acquires title to theproperty free of any interests over which the lienor was entitled to priority.

(b)        Upon the completionof a sale conducted under this Article, the lienor or a person acting on behalfof the lienor, who conducted the sale shall furnish to the purchaser for valuea bill of sale for the aircraft signed by the person who conducted the salethat includes a statement that the sale was conducted in accordance with thisArticle. (2006‑222,s. 1.1.)