§ 45-8. Survivorship among donees of power of sale. - North Carolina Statutes

§45‑8.  Survivorship among donees of power of sale.

In all mortgages and deeds oftrust of real property wherein two or more persons, as trustees or otherwise,are given power to sell the property therein conveyed or embraced, and one ormore of such persons dies, any one of the persons surviving having such power may make sale of such property in the manner directed in such deed, and executesuch assurances of title as are proper and lawful under the power so given; andthe act of such person, in pursuance of said power, shall be as valid andbinding as if the same had been done by all the persons on whom the power wasconferred. (1885, c. 327, s. 2; Rev., s. 1033; C.S., s. 2582;1967, c. 562, s. 2.)