2012 North Carolina General Statutes
Chapter 53C - Regulation of Banks.
Article 9 - Supervisory Liquidation; Voluntary Dissolution and Liquidation.
Section 53C-9-405 - Appointment of substitute trustee where no objection made.
53C-9-405. Appointment of substitute trustee where no objection made.
If, upon the day fixed in the notice, no person appears and objects to the appointment of a substitute trustee, the clerk of superior court shall, upon such terms as he or she deems advisable to the best interest of all parties, appoint a competent person authorized to act as substitute trustee, who shall be vested with and shall exercise all the powers conferred upon the trustee named in the instrument. (2012-56, s. 4.)
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