Bill Summary for H 866 (2025-2026)
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Summary date:
Apr 29 2025
Bill Information:
| View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO REQUIRE AUTOMATIC ENTRY OF AN ORDER PROHIBITING SPOUSES FROM WASTING, CONVERTING, OR SECRETING ASSETS UPON FILING A CLAIM FOR EQUITABLE DISTRIBUTION.Intro. by Stevens, Budd.
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Bill summary
House committee substitute to the 1st edition makes the following changes. Makes organizational changes.
Section 1.
Specifies that the automatic order for equitable distribution claims issued under new GS 50-23 also does not replace other remedies (was, order only does not limit or restrict other remedies) including filing a lis pendens or obtaining an injunction. Changes the effective date for the section to October 1, 2025 (was, when the act became law), and specifies that it applies to actions or claims filed on or after that date.
Section 2.
Specifies that the act's changes to GS 50-50(c) is effective October 1, 2025, and applies to actions or claims filed on or after that date.