State Codes and Statutes

Statutes > North-carolina > Chapter_41 > GS_41-17

§41‑17.  Reformation.

Upon the petition of aninterested person, a court shall reform a disposition in the manner that mostclosely approximates the transferor's manifested plan of distribution and iswithin the 90 years allowed by G.S. 41‑15(a)(2), 41‑15(b)(2), or 41‑15(c)(2)if:

(1)        A nonvested propertyinterest or a power of appointment becomes invalid under G.S. 41‑15;

(2)        A class gift is notinvalid under G.S. 41‑15, but might become invalid under G.S. 41‑15,and the time has arrived when the share of any class is to take effect inpossession or enjoyment; or

(3)        A nonvested propertyinterest that is not validated by G.S. 41‑15(a)(1) can vest but notwithin 90 years after its creation. (1995, c. 190, s. 1.)

State Codes and Statutes

Statutes > North-carolina > Chapter_41 > GS_41-17

§41‑17.  Reformation.

Upon the petition of aninterested person, a court shall reform a disposition in the manner that mostclosely approximates the transferor's manifested plan of distribution and iswithin the 90 years allowed by G.S. 41‑15(a)(2), 41‑15(b)(2), or 41‑15(c)(2)if:

(1)        A nonvested propertyinterest or a power of appointment becomes invalid under G.S. 41‑15;

(2)        A class gift is notinvalid under G.S. 41‑15, but might become invalid under G.S. 41‑15,and the time has arrived when the share of any class is to take effect inpossession or enjoyment; or

(3)        A nonvested propertyinterest that is not validated by G.S. 41‑15(a)(1) can vest but notwithin 90 years after its creation. (1995, c. 190, s. 1.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_41 > GS_41-17

§41‑17.  Reformation.

Upon the petition of aninterested person, a court shall reform a disposition in the manner that mostclosely approximates the transferor's manifested plan of distribution and iswithin the 90 years allowed by G.S. 41‑15(a)(2), 41‑15(b)(2), or 41‑15(c)(2)if:

(1)        A nonvested propertyinterest or a power of appointment becomes invalid under G.S. 41‑15;

(2)        A class gift is notinvalid under G.S. 41‑15, but might become invalid under G.S. 41‑15,and the time has arrived when the share of any class is to take effect inpossession or enjoyment; or

(3)        A nonvested propertyinterest that is not validated by G.S. 41‑15(a)(1) can vest but notwithin 90 years after its creation. (1995, c. 190, s. 1.)

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