§ 47-120. Memorandum as notice.
§47‑120. Memorandum as notice.
Such memorandum of an optionto purchase real estate, or lease as proposed by G.S. 47‑118 or 47‑119,when executed, acknowledged, delivered and registered as required by law, shallbe as good and sufficient notice, and have the same force and effect as if thewritten lease or option to purchase real estate had been registered in itsentirety. (1961, c. 1174.)