NC S317

Enacts the Uniform Partition of Heirs Property Act to govern partition proceedings for real property held in tenancy in common where 20% or more of interests are held by relatives or individuals who inherited from relatives

Requires courts to determine fair market value through a licensed appraiser before partition, with parties able to object within 30 days and present additional valuation evidence at a hearing

Gives cotenants who did not request partition by sale a 45-day right to buy out the interests of cotenants seeking a sale at the appraised proportional value

Mandates partition in kind (physical division) unless the court finds it would cause substantial injury to cotenants as a group, considering factors such as ancestral value, duration of family ownership, and current lawful uses

Becomes effective January 1, 2026, and applies to partition petitions filed on or after that date