There Is a Newer Version
of
the North Carolina General Statutes
2009 North Carolina Code
Chapter 43 - Land Registration.
§ 43-53. Treasurer subrogated to right of claimant.
§ 43‑53. Treasurer subrogated to right of claimant.
In every case of payment by the Treasurer from the assurance funds under the provisions of this Chapter the Treasurer shall be subrogated to all the rights of the plaintiff against all and every other person or property or securities to a trustee, or by the improper exercise of any power of sale in benefit of the assurance fund. (1913, c. 90, s. 37; C.S., s. 2426.)
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