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A public reference institution of the State of North Carolina's law

PUBLISHED

N.C.G.S. § 14-118.16

Forfeiture.

Effective date
2026-08-08
Last verified
2026-08-09
Source
official source
Revision history
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(a) All real and personal property of every kind used or intended for use in the course of, derived from, or realized through a violation of this Article shall be subject to forfeiture to the State as set forth in G.S. 14-2.3 and G.S. 14-7.20. However, the forfeiture of any real or personal property shall be subordinate to any security interest in the property taken by a lender in good faith as collateral for the extension of credit and recorded as provided by law, and no real or personal property shall be forfeited under this section against an owner who made a bona fide purchase of the property without knowledge of a violation of this Article. (b) In addition to the provisions of subsection (a) of this section, courts may order restitution to any person that has suffered a financial loss due to violation of this Article. (2007-163, s. 1.)

Reviewed 2026-08-09 · source_verified