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mso-bidi-theme-font:minor-bidi;}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.
REPOSSESSION OF MANUFACTURED SIGN.
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View NCGA Bill Details | 2023-2024 Session |
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: Re-ref to Judiciary. If fav, re-ref to Rules and Operations of the Senate (Senate action) (Jun 25 2024)
Bill History:
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Tue, 18 Apr 2023 House: Filed
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Wed, 19 Apr 2023 House: Passed 1st Reading
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Mon, 1 May 2023 House: Reptd Fav
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Tue, 2 May 2023 House: Reptd Fav
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Tue, 2 May 2023 House: Cal Pursuant Rule 36(b)
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Tue, 2 May 2023 House: Added to Calendar
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Tue, 2 May 2023 House: Passed 2nd Reading
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Tue, 2 May 2023 House: Passed 3rd Reading
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Tue, 2 May 2023 House: Special Message Sent To Senate
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Wed, 3 May 2023 Senate: Special Message Received From House
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Wed, 3 May 2023 Senate: Passed 1st Reading
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Wed, 3 May 2023 Senate: Ref To Com On Rules and Operations of the Senate
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Tue, 25 Jun 2024 Senate: Withdrawn From Com
H 693
Bill Summaries:
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Bill H 693 (2023-2024)Summary date: Apr 18 2023 - View Summary
View: All Summaries for Bill