NORTH CAROLINA GENERAL ASSEMBLY
1963 SESSION

CHAPTER 1179
SENATE BILL 667

AN ACT TO AMEND G.S. 39-23 SO AS TO RELAX THE BONDING PROVISIONS OF THE BULK SALES LAW.

The General Assembly of North Carolina do enact:

Section 1.  Amend G.S. 39-23 by inserting between the phrase "debts actually owing by the owner or owners," and the word "then" the words "or if in fact the proceeds are so applied,".
Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.
Sec. 3.  This Act shall be in full force upon its ratification.
In the General Assembly read three times and ratified, this the 25th day of June, 1963.