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NC H384
Bill
Status
6/12/2013
Primary Sponsor
Robert Davis
Click for details
AI Summary
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Amends the definition of marital property to clarify that real property held as a tenancy by the entirety acquired during marriage is presumed to be marital property, with this presumption rebuttable by a greater weight of evidence.
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Modifies the definition of divisible property to specify that increases and decreases in marital debt are limited to "passive" increases and decreases, including financing charges and interest related to marital debt.
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Changes the burden of proof standard for tenancy by the entirety property to match all other marital property classifications under equitable distribution law.
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Becomes effective October 1, 2013.
Legislative Description
Amend Definitions/Property Classif./Equ. Dist
Last Action
Ch. SL 2013-103
6/12/2013