2011 North Carolina General Statutes
Chapter 40A Eminent Domain.
Article 4 - Just Compensation.
40A-69. Property subject to life tenancy.
40A‑69. Property subject to life tenancy.
If the property taken is subject to a life tenancy, the commissioners, the jury, or the judge may include in the judgment a requirement that:
(1) The award be apportioned and distributed on the basis of the respective values of the interests of the life tenant and remainderman;
(2) The compensation be used to purchase comparable property to be held subject to the life tenancy;
(3) The compensation be held in trust and administered subject to the terms of the instrument that created the life tenancy; or
(4) Any other equitable arrangement be carried out. (1981, c. 919, s. 1.)
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