41-61. Reimbursement for expenditures made on entireties property.
(a) Neither spouse holding property as tenants by the entirety is entitled to reimbursement of expenditures made on the property, including payments on indebtedness encumbering the property, while the tenancy by the entirety exists.
(b) When the tenancy by the entirety is converted to a tenancy in common by absolute divorce or otherwise, responsibility for expenditures for the property held as tenants in common is allocated as provided by the law governing tenants in common, unless otherwise directed in a court order such as in an equitable distribution proceeding. (2020-50, s. 1(a), (c).)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 5 - Tenancy by the Entirety.
§ 41-56 - Creation of tenancy by the entirety.
§ 41-57 - Presumption of gift by spouse furnishing consideration.
§ 41-58 - Possession and control of entireties property.
§ 41-59 - Income derived from entireties property.
§ 41-60 - Liability of entireties property for debts of spouses.
§ 41-61 - Reimbursement for expenditures made on entireties property.
§ 41-62 - Insurance coverage and character of proceeds.
§ 41-64 - Termination of tenancy by the entirety upon death of a spouse.
§ 41-65 - Entireties property conveyed to trusts.
§ 41-66 - Common law of tenancy by the entirety; equitable principles.