Bill Text: NC S521 | 2011-2012 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Rule in Dumpor's Case/Broker Price Opinions

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2012-07-12 - Ch. SL 2012-163 [S521 Detail]

Download: North_Carolina-2011-S521-Amended.html

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GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2011

S                                                                                                                                                    2

SENATE BILL 521

Judiciary I Committee Substitute Adopted 5/2/11

 

Short Title:        Repeal Rule in Dumpor's Case.		(Public)
Sponsors:
Referred to:

April 6, 2011

A BILL TO BE ENTITLED

AN ACT ABOLISHING THE RULE IN DUMPOR'S CASE.

The General Assembly of North Carolina enacts:

SECTION 1.  Chapter 41 of the General Statutes is amended by adding a new section to read as follows:

"§ 41‑6.4.  Rule in Dumpor's case abolished.

(a)        The rule of property known as the rule in Dumpor's case is abolished.

(b)        This section shall become effective October 1, 2011, and applies to transfers of property that take effect on or after that date."

SECTION 2.  This act becomes effective October 1, 2011.