§ 44A-90. Title of purchaser.
128 words·~1 min read·
/nc/chapter-44a/44a-90A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 44A-90. Title of purchaser.
(a)A purchaser for value at a properly conducted sale under this Article, and a purchaser for value without constructive notice of a defect in the sale, whether or not the purchaser is the lienor or an agent of the lienor, acquires title to the property free of any interests over which the lienor was entitled to priority.
(b)Upon the completion of a sale conducted under this Article, the lienor or a person acting on behalf of the lienor, who conducted the sale shall furnish to the purchaser for value a bill of sale for the aircraft signed by the person who conducted the sale that includes a statement that the sale was conducted in accordance with this Article. (2006-222, s. 1.1.)