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G.S. 50-20.1 Page 1 § 50‑20.1. Pension, retirement, and deferred compensation benefits. (a) The distribution of vested marital pension, retirement, or deferred compensation benefits may be made payable by any of the following means: (1) As a lump sum from the plan, program, system, or fund for those benefits
§ 50-20. Distribution by court of marital and divisible property. (a) Upon application of a party, the court shall determine what is the marital property and divisible property and shall provide for an equitable distribution of the marital property and divisible property between the parties in accordance with the provisions of this section.
Chapter 50 - Divorce and Alimony. The General Statutes include changes through SL 2023-151. General Statutes published on this website are not official. Please read the caveats for more information. Article 1 - Divorce, Alimony, and Child Support, Generally. § 50-1. Repealed by Session Laws 1971, c. 1185, s. 20. § 50-2. Bond for costs unnecessary.
(1) The income, property, and liabilities of each party at the time the division of property is to become effective. (2) Any obligation for support arising out of a prior marriage. (3) The duration of the marriage and the age and physical and mental health of both parties.
§ 50‑20.1. Pension and retirement benefits. (a) The award of vested pension, retirement, or other deferred compensation benefits may be made payable: (1) As a lump sum by agreement; (2) Over a period of time in fixed amounts by agreement;
(a) The distribution of vested marital pension, retirement, or deferred compensation benefits may be made payable by any of the following means: (1) As a lump sum from the plan, program, system, or fund for those benefits subject to subsection (d1) of this section.
The provision for interim allocation of marital assets, N.C.G.S. 50-20(i1), can be used to obtain an advance on marital funds when one of the parties needs access to such property in order to pursue the litigation, hire an attorney, or obtain appraisers, accountants and other experts.
