State Codes and Statutes

Statutes > North-carolina > Chapter_28A > GS_28A-15-3

§28A‑15‑3.  Nonexoneration of encumbered property.

When real or personal propertysubject to any lien or security interest, except judgment liens, isspecifically devised, the devisee takes the property subject to the encumbranceand without a right to have other assets of the decedent applied to dischargethe secured obligation, unless an express provision of the will confers suchright of exoneration. A general testamentary direction to pay the debts of thedecedent is not sufficient to confer such right. (1973, c. 1329, s. 3.)

State Codes and Statutes

Statutes > North-carolina > Chapter_28A > GS_28A-15-3

§28A‑15‑3.  Nonexoneration of encumbered property.

When real or personal propertysubject to any lien or security interest, except judgment liens, isspecifically devised, the devisee takes the property subject to the encumbranceand without a right to have other assets of the decedent applied to dischargethe secured obligation, unless an express provision of the will confers suchright of exoneration. A general testamentary direction to pay the debts of thedecedent is not sufficient to confer such right. (1973, c. 1329, s. 3.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_28A > GS_28A-15-3

§28A‑15‑3.  Nonexoneration of encumbered property.

When real or personal propertysubject to any lien or security interest, except judgment liens, isspecifically devised, the devisee takes the property subject to the encumbranceand without a right to have other assets of the decedent applied to dischargethe secured obligation, unless an express provision of the will confers suchright of exoneration. A general testamentary direction to pay the debts of thedecedent is not sufficient to confer such right. (1973, c. 1329, s. 3.)