46A-78. Partition sale of real property subject to a life estate.
If the real property to be partitioned by sale is subject to a life estate, a life tenant who joins in the proceeding shall receive the value of the life tenant's share calculated according to mortality tables accepted by the court and paid out of the proceeds to the life tenant. The owners of the remainder or reversionary interest have no interest in this payment to the life tenant. (1887, c. 214, s. 3; Rev., s. 2509; C.S., s. 3235; 2020-23, ss. 2(bb), 3.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 2 - Partition of Real Property.
§ 46A-20 - Venue in partition.
§ 46A-22 - Unknown or unlocatable parties; summons, notice, and representation.
§ 46A-23 - Petition by judgment creditor of cotenant.
§ 46A-24 - Surface and oil, gas, or mineral interests in separate owners; partitions distinct.
§ 46A-25 - Partition of real property subject to a contingent future interest; requirements.
§ 46A-26 - Methods of partition.
§ 46A-27 - Carrying costs, including property taxes; improvements; right to contribution.
§ 46A-50 - Commissioners appointed; compensation; oath; delay or neglect.
§ 46A-52 - Partition where cotenants unknown or title disputed.
§ 46A-53 - Apportionment of shares in common.
§ 46A-54 - Dedication of streets.
§ 46A-55 - Report of commissioners; contents; filing and service; extension; map.
§ 46A-56 - Confirmation of report; appeal; motion for relief.
§ 46A-57 - Report and confirmation enrolled and registered; effect.
§ 46A-58 - Clerk to docket owelty.
§ 46A-59 - Order for possession.
§ 46A-75 - Sale in lieu of actual partition.
§ 46A-78 - Partition sale of real property subject to a life estate.
§ 46A-79 - Partition sale of remainder or reversionary interest of real property.
§ 46A-80 - Sale of standing timber; valuation of life estate.
§ 46A-81 - Sale of oil, gas, or mineral interests.
§ 46A-82 - Sale of real property required for public purposes on cotenant's petition.
§ 46A-83 - Petition for revocation of confirmation order.
§ 46A-84 - Petition for revocation based on inadequate price.
§ 46A-84.5 - Petition for revocation based on default bid.
§ 46A-85 - Order becoming final; appeal; purchase of property.