N.C. Gen. Stat. § 29-25
Effect of advancement
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
If the amount of the advancement equals or exceeds the intestate share of the advancee, the advancee shall be excluded from any further portion in the distribution of the estate, but the advancee shall not be required to refund any part of such advancement; and if the amount of the advancement is less than the advancee's share, the advancee shall be entitled to such additional amount as will give the advancee the advancee's full share of the intestate donor's estate.
If the amount of the advancement equals or exceeds the intestate share of the advancee, the advancee shall be excluded from any further portion in the distribution of the estate, but the advancee shall not be required to refund any part of such advancement; and if the amount of the advancement is less than the advancee’s share, the advancee shall be entitled to such additional amount as will give the advancee the advancee’s full share of the intestate donor’s estate.
History
(1959, c. 879, s. 1; 2011-344, s. 5.)
Effect of Amendments. - Session Laws 2011-344, s. 5, effective January 1, 2012, and applicable to estates of decedents dying on or after that date, substituted "share of the advancee, the advance shall" for "share of the advance, he shall" or similar language.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.