58-2406. Conveyance to one person when consideration paid by another.

58-2406

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 24.--TRUSTS AND POWERS

      58-2406.   Conveyance to one person when consideration paid by another. When a conveyance for a valuable consideration is made to one person andthe consideration therefor paid by another, no use or trust shall result infavor of the latter; but the title shall vest in the former, subject to theprovisions of the next two sections.

      History:   G.S. 1868, ch. 114, § 6; Oct. 31; R.S. 1923, 67-406.