§ 40A-69. Property subject to life tenancy.

State Codes and Statutes

§40A‑69. Property subject to life tenancy.

If the property taken issubject to a life tenancy, the commissioners, the jury, or the judge mayinclude in the judgment a requirement that:

(1) The award beapportioned and distributed on the basis of the respective values of theinterests of the life tenant and remainderman;

(2) The compensation beused to purchase comparable property to be held subject to the life tenancy;

(3) The compensation beheld in trust and administered subject to the terms of the instrument thatcreated the life tenancy; or

(4) Any other equitablearrangement be carried out. (1981, c. 919, s. 1.)

§40A‑69. Property subject to life tenancy.

If the property taken issubject to a life tenancy, the commissioners, the jury, or the judge mayinclude in the judgment a requirement that:

(1) The award beapportioned and distributed on the basis of the respective values of theinterests of the life tenant and remainderman;

(2) The compensation beused to purchase comparable property to be held subject to the life tenancy;

(3) The compensation beheld in trust and administered subject to the terms of the instrument thatcreated the life tenancy; or

(4) Any other equitablearrangement be carried out. (1981, c. 919, s. 1.)

§40A‑69. Property subject to life tenancy.

If the property taken issubject to a life tenancy, the commissioners, the jury, or the judge mayinclude in the judgment a requirement that:

(1) The award beapportioned and distributed on the basis of the respective values of theinterests of the life tenant and remainderman;

(2) The compensation beused to purchase comparable property to be held subject to the life tenancy;

(3) The compensation beheld in trust and administered subject to the terms of the instrument thatcreated the life tenancy; or

(4) Any other equitablearrangement be carried out. (1981, c. 919, s. 1.)