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2023 North Carolina General Statutes
Chapter 43 - Land Registration
Article 8 - Assurance Fund.
§ 43-53 - Treasurer subrogated to right of claimant.
Universal Citation:
NC Gen Stat § 43-53 (2023)
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§ 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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