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North Carolina General Statutes Chapter 40A. Eminent Domain § 40A-69. Property subject to life tenancy

Current as of January 01, 2023 | Updated by Findlaw Staff

If the property taken is subject to a life tenancy, the commissioners, the jury, or the judge may include in the judgment a requirement that:

(1) The award be apportioned and distributed on the basis of the respective values of the interests of the life tenant and remainderman;

(2) The compensation be used to purchase comparable property to be held subject to the life tenancy;

(3) The compensation be held in trust and administered subject to the terms of the instrument that created the life tenancy; or

(4) Any other equitable arrangement be carried out.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 40A. Eminent Domain § 40A-69. Property subject to life tenancy - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-40a-eminent-domain/nc-gen-st-sect-40a-69/

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