N.C. Gen. Stat. § 93A-43
Partition
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
When a time share is owned by two or more persons as tenants in common or as joint tenants, either may seek a partition by sale of that interest under Chapter 46A of the General Statutes, but no purchaser of a time share shall maintain a proceeding for partition, whether by actual partition or by partition sale, of the unit in which the time share is held.
When a timeshare is owned by two or more persons as tenants in common or as joint tenants, either may seek a partition by sale of that interest under Chapter 46A of the General Statutes, but no owner of a timeshare shall maintain a proceeding for partition, whether by actual partition or by partition sale, of the timeshare unit, timeshare project, or timeshare program in which the timeshare is held.
History
(1983, c. 814, s. 1; 2020-23, s. 15.)
Effect of Amendments. - Session Laws 2020-23, s. 15, effective October 1, 2020, added "under Chapter 46A of the General Statutes," substituted "a proceeding for partition, whether by actual partition or by partition sale" for "an action for partition by sale or in kind"; and made a minor punctuation change and stylistic changes.
Legal Periodicals. - For comment, "Time Sharing: The North Carolina General Assembly's Response to Ownership of Time Share Contracts," see 15 N.C. Cent. L.J. 56 (1984).
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.