§ 68-20. Notice of sale and sale where owner fails to redeem or is unknown; application of proceeds. - North Carolina Statutes

§68‑20.  Notice of sale and sale where owner fails to redeem or isunknown; application of proceeds.

If the owner fails to redeemhis livestock within three days after the notice and demand as provided in G.S.68‑18 is received or within three days after the determination of thecosts and damages as provided in G.S. 68‑19, then, upon written noticefully describing the livestock, stating the place, date, and hour of saleposted at the courthouse door and three or more public places in the townshipwhere the owner resides, and after 10 days from such posting, the impoundershall sell the livestock at public auction. If the owner of the livestockremains unknown to the impounder, then, 30 days after publication of the noticerequired by G.S. 68‑18.1, the impounder shall post at the courthouse doorand three public places in the township where the livestock is impounded awritten notice fully describing the livestock, and stating the place, date, andhour of sale.  After 20 days from such posting, the impounder shall sell thelivestock at public auction. The proceeds of any such public sale shall beapplied to pay the reasonable costs of impounding and maintaining the livestockand the damages to the impounder caused by the livestock.  Reasonable costs ofimpounding shall include any fees paid pursuant to G.S. 68‑18.1 in anattempt to locate the owner of the livestock. The balance, if any, shall bepaid to the owner of the livestock, if known, or, if the owner is not known,then to the school fund of the county where the livestock was impounded. (Code,s. 2817; Rev., s. 1680; C.S., s. 1851; 1971, c. 741, s. 1; 1991, c. 472, s. 4.)