State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_42 > GS_42-6

§42‑6.  Rents, annuities, etc., apportioned, where right to paymentterminated by death.

In all cases where rents, rentcharges, annuities, pensions, dividends, or any other payments of anydescription, are made payable at fixed periods to successive owners under anyinstrument, or by any will, and where the right of any owner to receive paymentis terminable by a death or other uncertain event, and where such right soterminates during a period in which a payment is growing due, the paymentbecoming due next after such terminating event shall be apportioned among thesuccessive owners according to the parts of such periods elapsing before andafter the terminating event. (1868‑9, c. 156, s. 7;Code, s. 1748; Rev., s. 1988; C.S., s. 2346.)