Bill Summary for S 228 (2023-2024)

Printer-friendly: Click to view

Summary date: 

Mar 8 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
Senate Bill 228 (Public) Filed Wednesday, March 8, 2023
AN ACT TO ALLOW DISBURSEMENT WITHOUT PREJUDICE OF ALL OR A PORTION OF THE DEPOSIT MADE BY A CONDEMNOR IN A PRIVATE CONDEMNATION PROCEEDING.
Intro. by Sawrey, Craven, B. Newton.

View: All Summaries for BillTracking:

Bill summary

Amends GS 40A-28 by adding that if there is no dispute as to title to property, the person named in the condemnation complaint may apply to the court for disbursement of the money the condemnor deposited in the court as full compensation or as a credit against just compensation without prejudice to further proceedings in the cause to determine just compensation. Requires, when such an application is made, that the judge or clerk order that the money deposited be paid to the person entitled to it. Gives the judge or clerk the power to make such an order with respect to encumbrances, liens, rents, taxes, assessments, insurance, and other charges, as is just and equitable. Provides that it is not necessary to give notice to the condemnor of the hearing upon the application for disbursement. Applies to condemnation proceedings initiated on or after October 1, 2023.