Bill Summary for S 451 (2017-2018)

Printer-friendly: Click to view

Summary date: 

Apr 25 2017

Bill Information:

View NCGA Bill Details2017-2018 Session
Senate Bill 451 (Public) Filed Tuesday, March 28, 2017
AN ACT TO REPLACE AND CLARIFY THE GENERAL STATUTES PERTAINING TO THE CREATION AND SEVERANCE OF JOINT TENANCY WITH RIGHT OF SURVIVORSHIP PERTAINING TO REAL PROPERTY.
Intro. by Newton, Daniel.

View: All Summaries for BillTracking:

Bill summary

Senate committee substitute makes the following changes to the 1st edition.

Amends proposed GS 41-2.3(h), which specifies three events that do not result in severance of joint tenancy with right of survivorship. Makes a technical change to the provision specifying that when married individuals who hold an interest as tenants by the entirety in a joint tenancy with one or more individuals' divorce, the divorced individuals hold their existing interest equally as joint tenants unless the divorced individuals agree otherwise.