N.C. Gen. Stat. § 41-57

Current through Session Law 2024-56
Section 41-57 - Presumption of gift by spouse furnishing consideration

Except for purposes of equitable distribution as provided under G.S. 50-20 and G.S. 50-21, when an individual furnishing the consideration for real property causes title to be placed in the name of the individual and the individual's spouse, there is a presumption of a gift to the individual's spouse of an entirety interest, which is rebuttable by clear, cogent, and convincing evidence.

N.C. Gen. Stat. § 41-57

ADded by 2020 N.C. Sess. Laws 50,s. 1-c, eff. 6/30/2020.