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2021 North Carolina General Statutes
Chapter 41 - Estates
Article 5 - Tenancy by the Entirety.
§ 41-61 - Reimbursement for expenditures made on entireties property.
Universal Citation: NC Gen Stat § 41-61 (2021)
41-61. Reimbursement for expenditures made on entireties property.
(a) Neither spouse holding property as tenants by the entirety is entitled to reimbursement of expenditures made on the property, including payments on indebtedness encumbering the property, while the tenancy by the entirety exists.
(b) When the tenancy by the entirety is converted to a tenancy in common by absolute divorce or otherwise, responsibility for expenditures for the property held as tenants in common is allocated as provided by the law governing tenants in common, unless otherwise directed in a court order such as in an equitable distribution proceeding.
(2020-50, s. 1(a), (c).)
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