---
type: "Bill"
title: "Exempt Time Shares/Rule Against Perpetuities."
description: "Exempt Time Shares/Rule Against Perpetuities."
jurisdiction: "us/states/nc"
legislature: "North Carolina General Assembly"
session: "2013"
identifier: "SB 877"
citation: "North Carolina SB 877 (2013)"
classification: ["bill"]
subjects: ["COUNTIES", "HOUSING", "LEASING", "LOCAL", "PRESENTED", "PROPERTY", "RATIFIED", "REAL ESTATE", "DARE COUNTY", "CURRITUCK COUNTY", "CHAPTERED"]
status: "enacted"
primary_sponsors: []
version_count: 7
action_count: 29
vote_count: 2
first_action: "2014-05-28"
last_action: "2014-08-05"
source: "openstates"
source_identifier: "ocd-bill/5209f75e-5673-411f-98cb-3fea7c5c7d96"
source_url: "http://www.ncleg.net/gascripts/BillLookUp/BillLookUp.pl?Session=2013&BillID=S877&votesToView=all"
source_hash: "1459e18a64fe7c5340348f4b1697544edf776d795d447fc1f41a55d567824c3a"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nc"]
---

# North Carolina SB 877 (2013) — Exempt Time Shares/Rule Against Perpetuities.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Filed** (filed) — [source](http://www.ncleg.net/Sessions/2013/Bills/Senate/PDF/S877v0.pdf)
2. **A1: ALB-147-V-2** (committee substitute) — [source](https://webservices.ncleg.net/ViewBillDocument/2013/9305/0/S877-ALB-147-V-2)
3. **Edition 1** (committee substitute) — [source](http://www.ncleg.net/Sessions/2013/Bills/Senate/PDF/S877v1.pdf)
4. **Edition 2** (committee substitute) — [source](http://www.ncleg.net/Sessions/2013/Bills/Senate/PDF/S877v2.pdf)
5. **Edition 3** (committee substitute) — [source](http://www.ncleg.net/Sessions/2013/Bills/Senate/PDF/S877v3.pdf)
6. **Ratified** (committee substitute) — [source](http://www.ncleg.net/Sessions/2013/Bills/Senate/PDF/S877v4.pdf)
7. **SL2014-99** (committee substitute) — [source](http://www.ncleg.net/Sessions/2013/Bills/Senate/PDF/S877v5.pdf)

## Votes

- Second Reading — **100–0** (pass) · lower
- Second Reading — **49–0** (pass) · upper

## Sponsors

- Cook — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2014-08-05** Ch. SL 2014-99 `became-law`
- **2014-08-05** Signed by Gov. 8/5/2014 `executive-signature`
- **2014-07-28** Pres. To Gov. 07/28/2014 `executive-receipt`
- **2014-07-25** Ratified
- **2014-07-25** Ordered Enrolled
- **2014-07-25** Passed 3rd Reading `passage, reading-3`
- **2014-07-25** Passed 2nd Reading `reading-2`
- **2014-07-24** Added to Calendar
- **2014-07-24** Cal Pursuant Rule 36(b)
- **2014-07-24** Reptd Fav `committee-passage-favorable`
- **2014-07-02** Ref To Com On Rules, Calendar, and Operations of the House `referral-committee`
- **2014-07-02** Passed 1st Reading `reading-1`
- **2014-07-02** Special Message Received From Senate
- **2014-07-02** Special Message Sent To House
- **2014-07-01** Engrossed
- **2014-07-01** Passed 3rd Reading `passage, reading-3`
- **2014-07-01** Passed 2nd Reading `reading-2`
- **2014-07-01** Amend Adopted A1 `amendment-passage`
- **2014-06-30** Placed On Cal For 07/01/2014
- **2014-06-30** Withdrawn From Cal
- **2014-06-26** Com Substitute Adopted
- **2014-06-26** Reptd Fav Com Substitute `committee-passage-favorable`
- **2014-06-25** Re-ref Com On Judiciary I `referral-committee`
- **2014-06-25** Withdrawn From Com
- **2014-06-24** Re-ref Com On State and Local Government `referral-committee`
- **2014-06-24** Withdrawn From Com
- **2014-05-29** Ref To Com On Judiciary I `referral-committee`
- **2014-05-29** Passed 1st Reading `reading-1`
- **2014-05-28** Filed `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/5209f75e-5673-411f-98cb-3fea7c5c7d96`. Confidence: reported (aggregated from official North Carolina legislature records).