Printable Format60-2412. Restriction on purchasers. No officer making the sale of property, either real or personal, nor any appraiser of such property, shall either directly or indirectly purchase the same, and any such sale, if made, shall be fraudulent and void.
History: L. 1963, ch. 303, 60-2412; January 1, 1964.
Source or prior law:
G.S. 1868, ch. 80, § 462; L. 1909, ch. 182, § 456; R.S. 1923, 60-3419; L. 1935, ch. 222, § 1; L. 1953, ch. 279, § 1.
Cross References to Related Sections:
Sale of personal property in foreclosure of security interest, see 60-1007.
Foreclosure of security interest in limited actions, see 61-3702, 61-3703.
CASE ANNOTATIONS
Prior law cases, see G.S. 1949, 60-3419 and the 1961 Supp. thereto.