Bill Summary for S 521 (2011-2012)
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Summary date:
May 2 2011
S.L. 2012-163
Bill Information:
| View NCGA Bill Details | 2011-2012 Session |
PROVIDING THAT A RESTRICTION ON THE TRANSFER OF REAL PROPERTY OR A TENANT’S INTEREST IN A LEASE APPLIES TO A SUBSEQUENT TRANSFER OF THE REAL PROPERTY OR INTEREST IN THE LEASE UNLESS THE GRANTOR OR LANDLORD EXPRESSLY PROVIDES OTHERWISE.Intro. by Clodfelter.
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Bill summary
Senate committee substitute makes the following changes to 1st edition.
Deletes provisions in previous edition and instead enacts new GS 41-6.4, stating that the rule in Dumpor’s case is abolished. Effective October 1, 2011, and applies to transfers of property that take effect on or after that date. Makes a conforming change to title.