Bill Summary for H 693 (2023-2024)

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Summary date: 

Apr 18 2023

Bill Information:

View NCGA Bill Details2023-2024 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.

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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.