N.C. Gen. Stat. § 41-57
Presumption of gift by spouse furnishing consideration
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
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.
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.
History
(2020-50, s. 1(a), (c).)
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.