State Codes and Statutes

Statutes > North-carolina > Chapter_31A > GS_31A-12

§31A‑12.  Persons acquiring from slayer protected.

The provisions of this Chaptershall not affect the right of any person who, before the interests of theslayer have been adjudicated, acquires from the slayer for adequateconsideration property or an interest therein which the slayer would havereceived except for the terms of this Chapter, provided the same is acquiredwithout notice of circumstances tending to bring it within the provisions ofthis Chapter; but all consideration received by the slayer shall be held by himin trust for the persons entitled to the property under the provisions of thisChapter, and the slayer shall also be liable both for any portion of suchconsideration which he may have dissipated, and for any difference between theactual value of the property and the amount of such consideration. (1961,c. 210, s. 1.)

State Codes and Statutes

Statutes > North-carolina > Chapter_31A > GS_31A-12

§31A‑12.  Persons acquiring from slayer protected.

The provisions of this Chaptershall not affect the right of any person who, before the interests of theslayer have been adjudicated, acquires from the slayer for adequateconsideration property or an interest therein which the slayer would havereceived except for the terms of this Chapter, provided the same is acquiredwithout notice of circumstances tending to bring it within the provisions ofthis Chapter; but all consideration received by the slayer shall be held by himin trust for the persons entitled to the property under the provisions of thisChapter, and the slayer shall also be liable both for any portion of suchconsideration which he may have dissipated, and for any difference between theactual value of the property and the amount of such consideration. (1961,c. 210, s. 1.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_31A > GS_31A-12

§31A‑12.  Persons acquiring from slayer protected.

The provisions of this Chaptershall not affect the right of any person who, before the interests of theslayer have been adjudicated, acquires from the slayer for adequateconsideration property or an interest therein which the slayer would havereceived except for the terms of this Chapter, provided the same is acquiredwithout notice of circumstances tending to bring it within the provisions ofthis Chapter; but all consideration received by the slayer shall be held by himin trust for the persons entitled to the property under the provisions of thisChapter, and the slayer shall also be liable both for any portion of suchconsideration which he may have dissipated, and for any difference between theactual value of the property and the amount of such consideration. (1961,c. 210, s. 1.)

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