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NC H367

NC H367
Uniform Partition of Heirs Property Act


summary

Introduced
03/23/2021
In Committee
05/10/2021
Crossed Over
05/10/2021
Passed
Dead
12/31/2022

Introduced Session

2021-2022 Session

Bill Summary

Uniform Partition of Heirs Property Act

AI Summary

This bill, the Uniform Partition of Heirs Property Act, establishes a new Part 4 in Article 2 of Chapter 46A of the North Carolina General Statutes. The key provisions of this bill include: defining "heirs property" as real property held in tenancy in common where certain relatives own at least 20% of the interests; requiring the court to determine whether the property is "heirs property" and partition it under this new Part if so, unless all cotenants agree otherwise; setting procedures for valuing the property, including through an appraisal; providing a cotenant buyout process where cotenants can purchase the interests of those seeking partition by sale; establishing a preference for partition in kind over partition by sale, unless partition in kind would cause substantial injury; and detailing the requirements for open-market sales, sealed bids, and auctions when partition by sale is ordered. The bill also amends an existing statute to allow the new Part 4 procedures to be used for heirs property.

Committee Categories

Government Affairs, Justice

Sponsors (39)

Kyle Hall (R)* John Szoka (R)* Brian Turner (D)* Donna White (R)* Jay Adams (R),  Gale Adcock (D),  John Ager (D),  John Autry (D),  Mary Belk (D),  Hugh Blackwell (R),  John Bradford (R),  Cecil Brockman (D),  Terry Brown (D),  Becky Carney (D),  Jerry Carter (R),  Mike Clampitt (R),  Allison Dahle (D),  John Faircloth (R),  Terry Garrison (D),  Robert Hanig (R),  Pricey Harrison (D),  Rachel Hunt (D),  Verla Insko (D),  Joe John (D),  Nasif Majeed (D),  Graig Meyer (D),  Marcia Morey (D),  Larry Potts (R),  Amos Quick (D),  Wayne Sasser (R),  Kandie Smith (D),  Larry Strickland (R),  Evelyn Terry (D),  Julie Von Haefen (D),  Harry Warren (R),  Sam Watford (R),  Shelly Willingham (D),  Michael Wray (D),  Lawrence Yarborough (R), 

Last Action

Ref To Com On Rules and Operations of the Senate (on 05/10/2021)

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