North Carolina § 41-93 Rights of creditors in property held by tenancy in common

North Carolina Statutes

§ 41-93 — Rights of creditors in property held by tenancy in common

North Carolina·Ch. 41 Estates·Art. 7 Tenancy in Common

(a)The interest of a cotenant in the property may be sold pursuant to a proceeding for satisfaction of a debt to a creditor, including the following:

(1)In an execution sale where the creditor has obtained a judgment lien against that cotenant.

(2)Under a power of sale in a mortgage or deed of trust against that cotenant's interest in the property.

(3)In a judicial sale where that cotenant's interest in the property is ordered to be sold.

(b)A sale of an interest of a cotenant as described in subsection (a) of this section does not affect another cotenant's interest in the property. (2024-47, s. 1.)

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(a) The interest of a cotenant in the property may be sold pursuant to a proceeding for satisfaction of a debt to a creditor, including the following:
(1) In an execution sale where the creditor has obtained a judgment lien against that cotenant.
(2) Under a power of sale in a mortgage or deed of trust against that cotenant's interest in the property.
(3) In a judicial sale where that cotenant's interest in the property is ordered to be sold.
(b) A sale of an interest of a cotenant as described in subsection (a) of this section does not affect another cotenant's interest in the property. (2024-47, s. 1.)

North Carolina § 41-93 (Rights of creditors in property held by tenancy in common) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.