AN ACT TO CONFORM THE LAW GOVERNING CO-OWNERS WITH RIGHT OF SURVIVORSHIP UNDER THE SIMULTANEOUS DEATH ACT TO THE LAW GOVERNING THE HOLDING OF UNEQUAL SHARES IN A JOINT TENANCY WITH RIGHT OF SURVIVORSHIP, AS RECOMMENDED BY THE GENERAL STATUTES COMMISSION. Summarized in Daily Bulletin 5/22/12 and 5/31/12. Enacted June 26, 2012. Effective October 1, 2012.
CO-OWNERS/UNEQUAL SHARES/SIMULTANEOUS DEATH.
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TO CONFORM THE LAW GOVERNING CO OWNERS WITH RIGHT OF SURVIVORSHIP UNDER THE SIMULTANEOUS DEATH ACT TO THE LAW GOVERNING THE HOLDING OF UNEQUAL SHARES IN A JOINT TENANCY WITH RIGHT OF SURVIVORSHIP, AS RECOMMENDED BY THE GENERAL STATUTES COMMISSION.Intro. by Blust, Ross.
Status: Ch. SL 2012-69 (House Action) (Jun 26 2012)
Bill History:
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Tue, 22 May 2012 House: Filed
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Wed, 23 May 2012 House: Passed 1st Reading
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Wed, 23 May 2012 House: Ref To Com On Judiciary Subcommittee A
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Wed, 30 May 2012 House: Reptd Fav
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Wed, 30 May 2012 House: Cal Pursuant Rule 36(b)
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Wed, 30 May 2012 House: Placed On Cal For 5/31/2012
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Thu, 31 May 2012 House: Amend Adopted 1
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Thu, 31 May 2012 House: Passed 2nd & 3rd Reading
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Thu, 31 May 2012 House: Ordered Engrossed
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Mon, 4 Jun 2012 Senate: Rec From House
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Mon, 4 Jun 2012 Senate: Passed 1st Reading
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Mon, 4 Jun 2012 Senate: Ref To Com On Judiciary I
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Thu, 7 Jun 2012 Senate: Reptd Fav
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Mon, 11 Jun 2012 Senate: Withdrawn From Cal
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Mon, 11 Jun 2012 Senate: Placed On Cal For 6/19/2012
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Tue, 19 Jun 2012 Senate: Passed 2nd & 3rd Reading
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Wed, 20 Jun 2012 Ratified
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Wed, 20 Jun 2012 Pres. To Gov. 6/20/2012
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Tue, 26 Jun 2012 Signed By Gov. 6/26/2012
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Tue, 26 Jun 2012 Ch. SL 2012-69
H 1067/S.L. 2012-69
Bill Summaries:
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Summary date: Jun 27 2012 - View Summary
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Bill H 1067 (2011-2012)Summary date: May 31 2012 - View Summary
House amendment makes the following changes to 1st edition. Changes the act’s effective date to October 1, 2012 (was, effective when the act becomes law).
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Bill H 1067 (2011-2012)Summary date: May 22 2012 - View Summary
Identical to S 845, filed 5/21/12.
Amends GS 28A-24-3 to provide that if there are two or more co-owners with right of survivorship and (1) it is not established that at least one of them survived the other(s) by at least 120 hours, then each co-owner's pro rata interest passes as if the co-owner had survived all other(s) by at least 120 hours and (2) it is established that at least one of them survived the other(s) by at least 120 hours, then the pro rata interest of the deceased who are not established to have survived by at least 120 hours passes to the remaining owner, or if there is more than one, to the remaining owners according to their pro rata interest. Makes a conforming change to GS 41-2(b).
View: All Summaries for Bill