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Terms Used In North Carolina General Statutes 58-70-125

  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.

The office of a collection agency shall not be shared or have a common waiting room with a practicing attorney or any type of lending institution.  The office may be located in a private residence  only if it is solely for business purposes, has an outside entrance and can be isolated from the remainder of the residence. (1979, c. 835.)