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North Carolina General Statutes Chapter 41. Estates § 41-17. Reformation

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

Upon the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution and is within the 90 years allowed by G.S. 41-15(a)(2), 41-15(b)(2), or 41-15(c)(2) if:

(1) A nonvested property interest or a power of appointment becomes invalid under G.S. 41-15;

(2) A class gift is not invalid under G.S. 41-15, but might become invalid under G.S. 41-15, and the time has arrived when the share of any class is to take effect in possession or enjoyment; or

(3) A nonvested property interest that is not validated by G.S. 41-15(a)(1) can vest but not within 90 years after its creation.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 41. Estates § 41-17. Reformation - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-41-estates/nc-gen-st-sect-41-17/

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