Senate Bill 729, which Gov. Roy Cooper is expected to sign into law, will modernize the state’s statutes governing the partition of property and make technical, conforming and modernizing amendments to the elective life estate statute.
This matter was reviewed by the General Statutes Commission, a diverse committee of legislators and representatives of North Carolina law schools, that reviews and recommends statutory changes to the General Assembly. NCAJ worked with the staff of the General Statutes Commission during its review, which occurred over several years.
NCAJ Eminent Domain Section Legislative Chair Kenneth Sack provides an overview of the changes below.