A BILL TO BE ENTITLED
AN ACT TO MODIFY THE PROCESS FOR ACQUIRING TITLE TO LANDS USING ADVERSE POSSESSION.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 1‑40 reads as rewritten:
"§ 1‑40.  Thirty years adverse possession.
No action for the recovery or possession of real property, or the issues and profits thereof, shall be maintained when the person in possession thereof, or defendant in the action, or those under whom he claims, has possessed the property under known and visible lines and boundaries adversely to all other persons for 30 years; and such possession so held gives a title in fee to the possessor, in such property, against all persons not under disability. If a possessor acquires title in fee to property by means of adverse possession, the possessor shall pay the previous owner the fair market value of the property at the time of the acquisition and shall reimburse the previous owner for all property taxes incurred for the 30 years that the property was adversely possessed. Title to property may not transfer by adverse possession if the property that is being adversely possessed is entirely within one foot of the recorded boundary of the property."
SECTION 2.  This act is effective when it becomes law and shall apply to actions for the recovery or possession of real property, or the issues and profits thereof, commenced on or after that date.