§ 53-28. Appointment where no objection made. - North Carolina Statutes

§53‑28.  Appointment where no objection made.

If, upon the day fixed in saidnotice, no person shall appear and object to the appointment of a substitutetrustee, the clerk shall, upon such terms as he deems advisable to the bestinterest of all parties, appoint some competent person, or corporationauthorized to act as such, substitute trustee, who shall be vested with andshall exercise all the powers conferred upon the trustee named in saidinstrument. (1931, c. 250, s. 4.)