1-407.2. When court may waive bond; premium paid from fund protected.
The court, in its discretion, may waive the requirement of such bond in those cases in which the court requires the funds or proceeds from such sale to be paid by the purchaser or purchasers directly to the court. The premium for any such bond shall be paid from the corpus of the fund intended to be thereby protected. (1957, c. 80.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 33 - Special Proceedings.
§ 1-393 - Chapter and Rules of Civil Procedure applicable to special proceedings.
§ 1-394 - Contested special proceedings; commencement; summons.
§ 1-396 - When complaint filed.
§ 1-398 - Filing time enlarged.
§ 1-400 - Ex parte; commenced by petition.
§ 1-401 - Clerk acts summarily; signing by petitioners; authorization to attorney.
§ 1-402 - Judge approves when petitioner is infant.
§ 1-403 - Orders signed by judge.
§ 1-404 - Reports of commissioners and jurors.
§ 1-405 - No report set aside for trivial defect.
§ 1-406 - Commissioner of sale to account in sixty days.
§ 1-407 - Commissioner holding proceeds of land sold for reinvestment to give bond.
§ 1-407.1 - Bond required to protect interest of infant or incompetent.
§ 1-407.2 - When court may waive bond; premium paid from fund protected.
§ 1-408 - Action in which clerk may allow fees of commissioners; fees taxed as costs.
§ 1-408.1 - Clerk may order surveys in civil actions and special proceedings involving sale of land.