NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

CHAPTER 404

HOUSE BILL 916

AN ACT TO AMEND THE UNIFORM COMMERCIAL CODE TO EXTEND TO TWENTY DAYS THE TIME WITHIN WHICH THE PRIORITY OF A PURCHASE-MONEY SECURITY INTEREST MAY BE PROTECTED BY FILING.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 25-9-301(2) is amended by deleting from line two the figure "10" and inserting in lieu thereof the figure "20".

Sec. 2.  G.S. 25-9-312(4) is amended by deleting from line four the figure "10" and inserting in lieu thereof the figure "20".

Sec. 3.  This act is effective upon ratification but does not apply to purchase‑money security interests arising out of transactions occurring before that time.

In the General Assembly read three times and ratified, this the 18th day of April, 1979.