§ 41-93. Rights of creditors in property held by tenancy in common.
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/nc/chapter-41/41-93A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 41-93. Rights of creditors in property held by tenancy in common.
(a)The interest of a cotenant in the property may be sold pursuant to a proceeding for satisfaction of a debt to a creditor, including the following:
(1)In an execution sale where the creditor has obtained a judgment lien against that cotenant.
(2)Under a power of sale in a mortgage or deed of trust against that cotenant's interest in the property.
(3)In a judicial sale where that cotenant's interest in the property is ordered to be sold.
(b)A sale of an interest of a cotenant as described in subsection
(a)of this section does not affect another cotenant's interest in the property. (2024-47, s. 1.)