Current through Session Law 2024-56
Section 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.Added by 2024 N.C. Sess. Laws 47,s. 1, eff. 9/9/2024.