Bill Summary for S 877 (2013-2014)

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Bill: EXEMPT TIME-SHARES/RULE AGAINST PERPETUITIES.

Summary date: 

Jul 1 2014
S.L. 2014-99

Bill Information:

View NCGA Bill Details2013-2014 Session
Senate Bill 877 (Public) Filed Wednesday, May 28, 2014
AN ACT TO EXEMPT CERTAIN REAL ESTATE TIME-SHARES FROM THE RULE AGAINST PERPETUITIES.
Intro. by Cook.

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Bill summary

Senate amendment makes the following changes to the 2nd edition: 

Deletes language that provided that the act only applied to time-share projects located entirely within Currituck and Dare Counties.  The act now applies statewide. Makes conforming changes.