North Carolina Judgment Statute Of Limitations

• Category: Civil Procedure - Judgments - Satisfaction
• State: North Carolina
• Control #: NC-0909-AA
• Format: Word; Rich Text

Description

The Satisfaction of Judgment form is utilized in North Carolina when a plaintiff confirms that a judgment against a defendant has been fully paid and satisfied. Under the North Carolina judgment statute of limitations, a judgment remains enforceable for ten years from the date of entry, after which it may be renewed. This form is vital for attorneys, partners, owners, associates, paralegals, and legal assistants who need to formally document the satisfaction of a judgment, helping to clear the record for the defendant. Key features of the form include sections for the court name, cause number, plaintiff and defendant information, and an acknowledgment of satisfaction signed by the plaintiff or their attorney. Users should fill out the form with accurate details, including the amount of the judgment and dates, ensuring compliance with local legal practices. Proper notarization is required for the signature, which can be for individuals, corporations, or attorneys, depending on the context. This form also includes a certificate of mailing, ensuring that all parties involved receive a copy of the satisfaction documentation. Correct filling and timely submission of this document are crucial for effective legal compliance and preserving the rights of involved parties.