Email: Chapter 43
§43-1-1. Dower and curtesy abolished.
The estates of dower and curtesy are abolished.
§43-1-2. Notice of conveyance.
(a) For purposes of this section, "conveyance" means a dispositive act intended to create a property interest in land and includes the creation of a security interest in real estate.
(b) Any married person who conveys an interest in real estate shall notify his or her spouse prior to or within thirty days of the time of the conveyance if the conveyance involves an interest in real estate to which dower would have attached if the conveyance had been made prior to the date of enactment of this statute.
(c) A person making a conveyance described in the previous sections shall have the burden of proof to show compliance with this section. Such burden shall be met either by:
(1) The signature of the spouse of the conveying party on the conveyance instrument; or
(2) Such other forms of competent evidence as are admissible in a court of general jurisdiction in this state under the rules of evidence.
(d) When a married person fails to comply with the notification requirements of this section, then in the event of a subsequent divorce within five years of said conveyance, the value of the real estate conveyed, as determined at the time of the conveyance, shall be deemed a part of the conveyancer's marital property for purposes of determining equitable distribution or awards of support, notwithstanding that any consideration for said interest in the real estate may already be included in the marital property.
(e) Nothing in this section shall be construed to create a lien or claim against the interest in real estate conveyed in violations of this provision.
§43-1-3.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-4.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-5.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-6.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-7.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-8.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-9.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-10.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-11.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-12.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-13.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-14.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-15.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-16.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-17.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-18.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-19.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-1-20.
Repealed.
Acts, 1992 Reg. Sess., Ch. 75.
§43-2-1. Gross sum in payment of life estates.
When a party as a tenant for life, or in dower, or otherwise, is entitled to the annual interest on a sum of money, or is entitled to the use of any estate, or any part thereof, or of the proceeds arising therefrom by a sale or otherwise, and is willing to accept a gross sum in lieu thereof, or the party liable for such interest, or affected by such claim, has the right to pay a gross sum in lieu thereof, or if a court in any proceeding decrees a gross sum to be paid in lieu thereof, or if it shall be desirable for any purpose to ascertain the value thereof, the sum to be paid or the present value thereof shall be calculated according to the following chart:
Age Annuity Life Estate Remainder
0 17.1944 .96289 .03711
1 17.3242 .97015 .02985
2 17.3073 .96921 .03079
3 17.2851 .96797 .03203
4 17.2597 .96654 .03346
5 17.2316 .96497 .03503
6 17.2014 .96328 .03672
7 17.1690 .96146 .03854
8 17.1346 .95954 .04046
9 17.0977 .95747 .04253
10 17.0582 .95526 .04474
11 17.0162 .95291 .04709
12 16.9720 .95043 .04957
13 16.9261 .94786 .05214
14 16.8796 .94526 .05474
15 16.8330 .94265 .05735
16 16.7865 .94004 .05996
17 16.7398 .93743 .06257
18 16.6926 .93479 .06521
19 16.6439 .93206 .06794
20 16.5932 .92922 .07078
21 16.5401 .92625 .07375
22 16.4849 .92315 .07685
23 16.4270 .91991 .08009
24 16.3663 .91651 .08349
25 16.3022 .91292 .08708
26 16.2348 .90915 .09085
27 16.1636 .90516 .09484
28 16.0890 .90099 .09901
29 16.0109 .89661 .10339
30 15.9293 .89204 .10796
31 15.8442 .88728 .11272
32 15.7555 .88231 .11769
33 15.6627 .87711 .12289
34 15.5659 .87169 .12831
35 15.4645 .86601 .13399
36 15.3589 .86010 .13990
37 15.2486 .85392 .14608
38 15.1333 .84747 .15253
39 15.0130 .84073 .15927
40 14.8872 .83369 .16631
41 14.7556 .82632 .17368
42 14.6182 .81862 .18138
43 14.4748 .81059 .18941
44 14.3255 .80223 .19777
45 14.1707 .79356 .20644
46 14.0104 .78458 .21542
47 13.8449 .77532 .22468
48 13.6741 .76575 .23425
49 13.4978 .75588 .24412
50 13.3158 .74568 .25432
51 13.1281 .73518 .26482
52 12.9355 .72439 .27561
53 12.7380 .71333 .28667
54 12.5356 .70199 .29801
55 12.3284 .69039 .30961
56 12.1163 .67851 .32149
57 11.8995 .66637 .33363
58 11.6787 .65400 .34600
59 11.4545 .64145 .35855
60 11.2273 .62873 .37127
61 10.9968 .61582 .38418
62 10.7622 .60268 .39732
63 10.5234 .58931 .41069
64 10.2809 .57573 .42427
65 10.0348 .56195 .43805
66 9.7847 .54794 .45206
67 9.5299 .53367 .46633
68 9.2709 .51917 .48083
69 9.0085 .50448 .49552
70 8.7440 .48966 .51034
71 8.4785 .47480 .52520
72 8.2128 .45991 .54009
73 7.9474 .44505 .55495
74 7.6815 .43016 .56984
75 7.4142 .41520 .58480
76 7.1449 .40011 .59989
77 6.8735 .38491 .61509
78 6.6006 .36964 .63036
79 6.3280 .35437 .64563
80 6.0577 .33923 .66077
81 5.7918 .32434 .67566
82 5.5314 .30976 .69024
83 5.2765 .29549 .70451
84 5.0255 .28143 .71857
85 4.7769. 26750 .73250
86 4.5327 .25383. 74617
87 4.2964 .24060 .75940
88 4.0679 .22780 .77220
89 3.8473 .21545 .78455
90 3.6348 .20355 .79645
91 3.4338 .19229 .80771
92 3.2479 .18188 .81812
93 3.0765 .17229 .82771
94 2.9171 .16336 .83664
95 2.7660 .15490 .84510
96 2.6241 .14695 .85305
9 72.4928 .13960 .86040
98 2.3696 .13270 .86730
99 2.2496 .12598 .87402
100 2.1329 .11944 .88056
101 2.0180 .11301 .88699
102 1.9052 .10669 .89331
103 1.7935 .10043 .89957
104 1.6743 .09376 .90624
105 1.5578 .08724 .91276
106 1.4085 .07887 .92113
107 1.2279 .06876 .93124
108 .9484 .05311 .94689
109 .4735 .02652 .97348
§43-2-2. Rule of calculation.
Calculate the interest at five and six-tenths percent upon the sum to the income of which or upon the value of the property to the use of which the person is entitled. Multiply this interest by the present value of an annuity of $1 as set opposite the person's age in the table and the product is the gross value of the life estate of such person therein.
§43-2-3. Examples.
Suppose a person whose age is fifty is tenant for life in the whole of an estate worth $18,000. The annual interest on that sum at five and six-tenths percent is $1,008. The present value of an annuity of $1 at the age of fifty, as appears by the table in the annuity column, is $13.3158, which multiplied by $1,008, the amount of the annual interest, gives $13,422.33 as the gross value of such life estate in the premises or the proceeds thereof.
§43-2-4.
Repealed.
Acts, 2007 Reg. Sess., Ch. 162.
§43-2-5.
Repealed.
Acts, 2007 Reg. Sess., Ch. 162.