PUBLISHED

N.C.G.S. § 40A-69

Property subject to life tenancy.

Effective date: 2026-08-08
Last verified: 2026-08-09
Source: official source
Revision history: view all versions

If the property taken is subject to a life tenancy, the commissioners, the jury, or the judge may include in the judgment a requirement that: (1) The award be apportioned and distributed on the basis of the respective values of the interests of the life tenant and remainderman; (2) The compensation be used to purchase comparable property to be held subject to the life tenancy; (3) The compensation be held in trust and administered subject to the terms of the instrument that created the life tenancy; or (4) Any other equitable arrangement be carried out. (1981, c. 919, s. 1.)