Property OwnershipMEDIUM
North Carolina is a:
Correct Answer
B) Common law property state with equitable distribution
North Carolina is a common law property state that uses equitable distribution for division of marital property in divorce.
Answer Options
A
Community property stateB
Common law property state with equitable distributionC
Tenancy by the entirety only stateD
Community property with right of survivorship stateVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
marital-property-rightsjoint-ownership-formsdivorce-property-division
Key Terms:
common law property stateequitable distributioncommunity propertyN.C. Gen. Stat. § 50-20marital property
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