45-14. Acts of trustee prior to removal not invalidated.
If any such trustee who has been substituted as provided in G.S. 45-10 or in G.S. 45-11 shall have performed any functions as such trustee and shall thereafter be removed as provided in G.S. 45-10 to 45-17, such removal shall not invalidate or affect the validity of such acts insofar as any purchaser or third person shall be affected or interested, and any conveyances made by such trustee before removal if otherwise valid, shall be and remain valid and effectual to all intents and purposes, but if any trustee upon such hearing is declared to have been wrongfully removed, he shall have his right of action against the substituted trustee for any compensation that he would have received in case he had not been wrongfully removed from such trust. (1931, c. 78, s. 5; 1941, c. 115, s. 3.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 45 - Mortgages and Deeds of Trust
Article 2 - Right to Foreclose or Sell under Power.
§ 45-5 - Foreclosures by representatives validated.
§ 45-6 - Renunciation by representative; clerk appoints trustee.
§ 45-7 - Agent to sell under power may be appointed by parol.
§ 45-8 - Survivorship among donees of power of sale.
§ 45-9 - Clerk appoints successor to incompetent trustee.
§ 45-10 - Substitution of trustees in mortgages and deeds of trust.
§ 45-14 - Acts of trustee prior to removal not invalidated.
§ 45-15 - Registration of substitution constructive notice.
§ 45-17 - Substitution made as often as justifiable.
§ 45-18 - Validation of certain acts of substituted trustees.
§ 45-19 - Mortgage to guardian; powers pass to succeeding guardian.
§ 45-20 - Sales by mortgagees and trustees confirmed.
§ 45-20.1 - Validation of trustees' deeds where seals omitted.
§ 45-20.3 - Validation of deeds where seal omitted on power of attorney.
§ 45-21 - Validation of appointment of and conveyances to corporations as trustees.