§ 41-17. Reformation.
122 words·~1 min read·
/nc/chapter-41/41-17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 41-17. Reformation.
Upon the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution and is within the 90 years allowed by G.S. 41-15(a)(2), 41-15(b)(2), or 41-15(c)(2) if:
(1)A nonvested property interest or a power of appointment becomes invalid under G.S. 41-15;
(2)A class gift is not invalid under G.S. 41-15, but might become invalid under G.S. 41-15, and the time has arrived when the share of any class is to take effect in possession or enjoyment; or
(3)A nonvested property interest that is not validated by G.S. 41-15(a)(1) can vest but not within 90 years after its creation. (1995, c. 190, s. 1.)