§ 1-339.15. Public sale; contents of notice of sale.
§1‑339.15. Public sale; contents of notice of sale.
The notice of public saleshall:
(1) Refer to the orderauthorizing the sale;
(2) If the sale is to beby public auction, designate the date, hour and place of sale;
(2a) If the sale is to bea sale of timber by sealed bid, specify:
a. The date on whichsealed bids will first be accepted;
b. The place or addressat which sealed bids are to be submitted;
c. The manner and formin which sealed bids are to be submitted;
d. The time and placeat which any sealed bids received will be opened; and
e. The minimum numberof bids required, as determined pursuant to G.S. 1‑339.13(a)(7);
(3) Describe realproperty to be sold, by reference or otherwise, sufficiently to identify it,and may add any further description as will acquaint bidders with the natureand location of the property;
(4) Describe personalproperty to be sold sufficiently to indicate its nature and quantity, and mayadd any further description as will acquaint bidders with the nature of theproperty;
(5) State the terms ofthe sale, specifying the amount of the cash deposit, if any, to be made by thehighest bidder at the sale and, in the case of a sale by sealed bid, the dateby which any deposit shall be made, as determined pursuant to G.S. 1‑339.13(a)(7);and
(6) Include any otherprovisions required by the order of sale to be included therein. (1949,c. 719, s. 1; 1997‑83, s. 7.)