GENERAL ASSEMBLY OF NORTH CAROLINA
1985 SESSION
CHAPTER 457
The General Assembly of North Carolina enacts:
Section 1. G.S. 45-68(2) is amended by adding after the phrase "security instrument;" the phrase: "provided, however, that this subsection shall apply only if the obligor and obligee have contracted in writing that each future obligation shall be evidenced by a written instrument or notation;".
Sec. 2. This act is effective upon ratification and applies to security instruments executed on or after the date of ratification.
In the General Assembly read three times and ratified, this the 24th day of June, 1985.