Company: North Carolina General Assembly

North Carolina Attorney General Opinion

§ 40A‑69.  Property subject to life tenancy.
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. (1981, c. 919, s. 1.)

G.S. 40a-69		Page