North Carolina General Statutes 31A-12. Persons acquiring from slayer protected
Terms Used In North Carolina General Statutes 31A-12
- Property: means any real or personal property and any right or interest therein. See North Carolina General Statutes 31A-3
- Slayer: means any of the following:
The provisions of this Chapter shall not affect the right of any person who, before the interests of the slayer have been adjudicated, acquires from the slayer for adequate consideration property or an interest therein which the slayer would have received except for the terms of this Chapter, provided the same is acquired without notice of circumstances tending to bring it within the provisions of this Chapter; but all consideration received by the slayer shall be held by him in trust for the persons entitled to the property under the provisions of this Chapter, and the slayer shall also be liable both for any portion of such consideration which he may have dissipated, and for any difference between the actual value of the property and the amount of such consideration. (1961, c. 210, s. 1.)