Current law, GS 160A-376, defines subdivision as the term applies to Part 2, Article 19, regarding subdivision regulation, and exempts from the term and the regulations of Part 2 the division of a tract held in single ownership whose entire area is no greater than two acres into not more than three lots, where no street right-of-way dedication is involved and where the resultant lots are equal to or exceed the standards of the municipality, as shown in its subdivision regulations. Applicable to the Town of Davidson only, amends GS 160A-376 to specify that a National Register Historic District located within the corporate limits of the municipality is not included in this exclusion, as described.