REPOSSESSION OF MANUFACTURED SIGN.

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2023-2024 Session

House Bill 693 (Public) Filed Tuesday, April 18, 2023

AN ACT TO ALLOW A SELLER OF A MANUFACTURED SIGN TO REPOSSESS THE SIGN IF THE BUYER FAILS TO PAY.

Intro. by Crutchfield, Lowery, Tyson, Balkcom.

Status: Ref To Com On Rules and Operations of the Senate (Senate action) (May 3 2023)

Bill History:

Tue, 18 Apr 2023 House: Filed
Wed, 19 Apr 2023 House: Passed 1st Reading
Wed, 19 Apr 2023 House: Ref to the Com on Judiciary 1, if favorable, Rules, Calendar, and Operations of the House
Mon, 1 May 2023 House: Reptd Fav
Mon, 1 May 2023 House: Re-ref Com On Rules, Calendar, and Operations of the House
Tue, 2 May 2023 House: Reptd Fav
Tue, 2 May 2023 House: Cal Pursuant Rule 36(b)
Tue, 2 May 2023 House: Added to Calendar
Tue, 2 May 2023 House: Passed 2nd Reading
Tue, 2 May 2023 House: Passed 3rd Reading
Tue, 2 May 2023 House: Special Message Sent To Senate
Wed, 3 May 2023 Senate: Special Message Received From House
Wed, 3 May 2023 Senate: Passed 1st Reading
Wed, 3 May 2023 Senate: Ref To Com On Rules and Operations of the Senate

H 693

Bill Summaries:

Bill H 693 (2023-2024)

Summary date: Apr 18 2023 - View Summary

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Enacts new GS 25-2-703.1 providing that if a buyer of a manufactured sign fails to pay under the terms of the contract with the seller of the sign, the seller may repossess the sign. States that the seller may not breach the peace in the repossession. Allows for the seller to also exercise any other lawful remedy. Applies even if the manufactured sign is fixed to real property. Effective October 1, 2023.

Business and Commerce

GS 25

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