{"data":{"id":"us-nc/n.c.-gen.-stat.-1c-1601.5","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 1C-1601.5","heading":"Certain tax-advantaged accounts exempt.","body":"(a)\tFor purposes of this section, the following definitions shall apply:\n(1)\tQualifying account. - Any of the following:\na.\tAn education savings and investment plan account qualified under section 529 of the Internal Revenue Code.\nb.\tAn ABLE account qualified under section 529A of the Internal Revenue Code.\n(2)\tQualifying purpose. - Any of the following:\na.\tFor education savings and investment plan accounts, any purpose permitted under section 529 of the Internal Revenue Code.\nb.\tFor ABLE accounts, any purpose permitted under section 529A of the Internal Revenue Code.\n(b)\tNotwithstanding any other provision of law, including G.S. 1C-1601(e), funds located in a qualifying account or withdrawn from the account and used for a qualifying purpose shall not be subject to liens, attachment, garnishment, levy, seizure, any involuntary sale or assignment by operation or execution of law, or the enforcement of any other judgment or claim to pay any debt or liability of any account owner, beneficiary, or contributor to an account.\n(c)\tNothing in this section shall be construed to do any of the following:\n(1)\tProhibit the distribution of funds from an ABLE account following the death of the account owner under G.S. 147-86.73(e) or section 529A of the Internal Revenue Code.\n(2)\tLimit the enforcement of judgments or claims on funds that meet any of the following criteria:\na.\tWere not used for a qualifying purpose.\nb.\tWere deposited into a qualifying account as a result of fraud, intentional wrongdoing, or other violation of law. (2025-46, s. 6(a).)","path":["Chapter 1C. Enforcement of Judgments.","Article 16. Exempt Property."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_1C/GS_1C-1601.5.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:54:27Z","sha256":"38c2912f1e454e5f307fd1f737481582290d0d86b239a0de1eedc7dd0fd464e9","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-1c-1601","next":"us-nc/n.c.-gen.-stat.-1c-1602"},"notice":"GroundRules: Original legal text. Not legal advice."}