North Carolina § 40A-69 Property subject to life tenancy

North Carolina Statutes

§ 40A-69 — Property subject to life tenancy

North Carolina § 40A-69

Ch. 40AEminent Domain

Art. 4Just Compensation

This text of North Carolina § 40A-69 (Property subject to life tenancy) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 40A-69 (2026).

Text

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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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.