§ 45-37.1. Validation of certain entries of cancellation made by beneficiary or assignee instead of trustee. - North Carolina Statutes

§ 45‑37.1.  Validationof certain entries of cancellation made by beneficiary or assignee instead oftrustee.

In all cases where, prior toJanuary 1, 1930, it appears from the margin or face of the record in the officeof the register of deeds of any county in this State that the originalbeneficiary named in any deed of trust, trust indenture, or other instrumentintended to secure the payment of money and constituting a lien on real estate,or his assignee of record, shall have made an entry purporting to fully satisfyand discharge the lien of such instrument, and such entry has been signed bythe original payee and beneficiary in said deed of trust, or other securityinstrument, or by his assignee of record, or by his or their properlyconstituted officer, agent, attorney, or legal representatives, and has beenduly witnessed by the register of deeds or his deputy, all such entries ofcancellation and satisfaction are hereby validated and made full, sufficientand complete to release, satisfy and discharge the lien of such instrument, andshall have the same effect as if such entry had been made and signed by thetrustee named in said deed of trust, or other security instrument, or by hisduly appointed successor or substitute. (1945, c. 986.)