North Carolina General Statutes — Chapter 36C
172 sections. Sourced from ncleg.gov; each section links to its full text with case-law cross-references.
- § 36C-1-101 Short title
- § 36C-1-102 Scope
- § 36C-1-103 Definitions
- § 36C-1-104 Knowledge
- § 36C-1-105 Default and mandatory rules
- § 36C-1-106 Common law of trusts; principles of equity
- § 36C-1-107 Governing law
- § 36C-1-108 Principal place of administration
- § 36C-1-109 Methods and waiver of notice
- § 36C-1-110 Others treated as qualified beneficiaries
- § 36C-1-111 Nonjudicial settlement agreements
- § 36C-1-112 Rules of construction
- § 36C-1-113 Construction of certain formula clauses applicable to estates of decedents dying in calendar year 2010
- § 36C-1-114 Insurable interest of trustee
- § 36C-2-201 Role of court in administration of trust
- § 36C-2-202 Jurisdiction over trustee and beneficiary
- § 36C-2-203 Subject matter jurisdiction
- § 36C-2-204 Venue
- § 36C-2-205 Commencement of proceedings, pleadings, consolidation, and joinder
- § 36C-2-206 Representation of parties
- § 36C-2-207 Waiver of notice
- § 36C-2-208 Accounting to clerk
- § 36C-2-209 Qualification and accounting of trustee of a testamentary trust
- § 36C-3-301 Representation: basic effect
- § 36C-3-302 Representation by holder of power of revocation or general power of appointment
- § 36C-3-303 Representation by fiduciaries, parents, and other persons
- § 36C-3-304 Representation by person having substantially identical interest
- § 36C-3-305 Appointment of representative; scope of representation
- § 36C-4-401 Methods of creating trust
- § 36C-4-401.1 Interest of trustee as beneficiary of life insurance or other death benefit sufficient to support inter vivos or testamentary trust
- § 36C-4-401.2 Creation of trust by a court
- § 36C-4-402 Requirements for creation
- § 36C-4-403 Trusts created in other jurisdictions
- § 36C-4-404 Trust purposes
- § 36C-4-405 Charitable purposes
- § 36C-4-405.1 Enforcement of charitable gift or trust
- § 36C-4-405.2 Spending rules applicable to charitable trusts
- § 36C-4-406 Creation of trust induced by fraud, duress, or undue influence
- § 36C-4-407 Evidence of oral trust
- § 36C-4-408 Trust for care of animal
- § 36C-4-409 Noncharitable trust without ascertainable beneficiary
- § 36C-4-410 Modification or termination of trust; proceedings for approval or disapproval
- § 36C-4-411 Modification or termination of noncharitable irrevocable trust by consent
- § 36C-4-412 Modification or termination because of unanticipated circumstances or inability to administer trust effectively
- § 36C-4-413 Cy pres
- § 36C-4-414 Modification or termination of uneconomic trust
- § 36C-4-415 Reformation to correct mistakes
- § 36C-4-416 Modification to achieve settlor's tax objectives
- § 36C-4-417 Combination and division of trusts
- § 36C-4-418 Distribution upon termination of trust
- § 36C-4-419 Effect of inalienable interest on modification or termination
- § 36C-4A-1 Prohibited transactions
- § 36C-4A-2 Reformation of charitable remainder trust
- § 36C-4B-1 Short title
- § 36C-4B-2 General rule
- § 36C-4B-3 Definitions
- § 36C-4B-4 Administrative provisions applicable to both charitable remainder annuity trusts and charitable remainder unitrusts
- § 36C-4B-5 Administrative provisions applicable to charitable remainder trusts only
- § 36C-4B-6 Administrative provisions applicable to charitable remainder unitrusts only
- § 36C-4B-7 Interpretation
- § 36C-4C-1 Proceedings for validity of a revocable trust
- § 36C-4C-2 Establishing validity of a revocable trust before death
- § 36C-4C-3 Venue
- § 36C-4C-4 Contents of petition for revocable trust validity
- § 36C-4C-5 Declaration by court; bar to contesting validity of trust
- § 36C-4C-6 Confidentiality
- § 36C-5-501 Rights of beneficiary's creditor or assignee
- § 36C-5-502 Spendthrift provision
- § 36C-5-503 Exceptions to spendthrift provision
- § 36C-5-504 Discretionary trusts; effect of standard
- § 36C-5-505 Creditor's claim against settlor
- § 36C-5-506 Overdue distribution
- § 36C-5-507 Personal obligations of trustee
- § 36C-5-508 Protective trusts
- § 36C-6-601 Capacity of settlor of revocable trust
- § 36C-6-602 Revocation or amendment of revocable trust
- § 36C-6-602.1 Exercise of settlor's powers with respect to revocable trust by agent or guardian
- § 36C-6-603 Settlor's control of revocable trust
- § 36C-6-604 Limitation on action contesting validity of revocable trust; distribution of trust property
- § 36C-6-605 Failure of disposition of property of a trust by lapse or otherwise
- § 36C-6-606 Revocation of provisions in revocable trust by divorce or annulment; revival
- § 36C-6-607 Modification or termination of a revocable trust
- § 36C-7-701 Accepting or declining trusteeship
- § 36C-7-702 Trustee's bond
- § 36C-7-703 Cotrustees
- § 36C-7-704 Vacancy in trusteeship; appointment of successor
- § 36C-7-705 Resignation of trustee
- § 36C-7-706 Removal of trustee
- § 36C-7-707 Delivery of property by former trustee
- § 36C-7-708 Compensation of trustee
- § 36C-7-709 Reimbursement of expenses
- § 36C-8-801 Duty to administer trust
- § 36C-8-802 Duty of loyalty
- § 36C-8-803 Impartiality
- § 36C-8-804 Prudent administration
- § 36C-8-805 Cost of administration
- § 36C-8-806 Trustee's skills
- § 36C-8-807 Delegation by trustee
- § 36C-8-808 Powers of a settlor to take certain actions with respect to the trust
- § 36C-8-809 Control and protection of trust property
- § 36C-8-810 Record keeping and identification of trust property
- § 36C-8-811 Enforcement and defense of claims
- § 36C-8-812 Collecting trust property
- § 36C-8-813 Duty to inform and report
- § 36C-8-814 Discretionary powers; tax savings
- § 36C-8-815 General powers of trustee
- § 36C-8-816 Specific powers of trustee
- § 36C-8-817 Distribution upon termination
- § 36C-8-818 Notice of deceased Medicaid beneficiaries
- § 36C-8A-1 quot;Power holder" defined
- § 36C-8A-2 Powers of a power holder
- § 36C-8A-3 Duty and liability of power holder
- § 36C-8A-4 Duty and liability of trustee
- § 36C-8A-4.1 Limitations of actions against power holder for breach of trust
- § 36C-8A-4.2 Defenses in action against power holder
- § 36C-8A-5 Compensation and reimbursement of expenses of power holder
- § 36C-8A-6 Jurisdiction over power holder
- § 36C-8A-7 Accepting or declining the appointment as power holder
- § 36C-8A-8 Vacancy in the office of the power holder
- § 36C-8A-9 More than one power holder
- § 36C-8A-10 Resignation of power holder
- § 36C-8A-11 Removal of power holder
- § 36C-8A-12 Power holder's bond
- § 36C-8B-1 Short title
- § 36C-8B-2 Definitions
- § 36C-8B-3 Scope
- § 36C-8B-4 Fiduciary duty
- § 36C-8B-5 Application; governing law
- § 36C-8B-6 Reasonable reliance
- § 36C-8B-7 Notice; exercise of decanting power
- § 36C-8B-9 Court involvement
- § 36C-8B-10 Formalities
- § 36C-8B-11 Decanting power
- § 36C-8B-13 Trust for beneficiary with disability
- § 36C-8B-15 Trust limitation on decanting
- § 36C-8B-16 Change in compensation
- § 36C-8B-17 Relief from liability and indemnification
- § 36C-8B-18 Removal or replacement of authorized fiduciary
- § 36C-8B-19 Tax-related limitations
- § 36C-8B-20 Duration of second trust
- § 36C-8B-21 Need to distribute not required
- § 36C-8B-22 Saving provision
- § 36C-8B-24 Terms of second trust
- § 36C-8B-25 Settlor
- § 36C-8B-26 Later-discovered property
- § 36C-8B-29 Reserved
- § 36C-9-901 Prudent investor rule; applicability
- § 36C-9-902 Standard of care; portfolio strategy; risk and return objectives
- § 36C-9-903 Diversification
- § 36C-9-903.1 Duties as to life insurance
- § 36C-9-904 Duties at inception of trusteeship
- § 36C-9-905 Reviewing compliance
- § 36C-9-906 Effect on charitable remainder trusts
- § 36C-9-907 Short title
- § 36C-10-1001 Remedies for breach of trust
- § 36C-10-1002 Damages for breach of trust
- § 36C-10-1003 Liability in absence of breach
- § 36C-10-1004 Attorneys' fees and costs
- § 36C-10-1005 Limitation of action against trustee
- § 36C-10-1006 Reliance on trust instrument
- § 36C-10-1007 Event affecting administration or distribution
- § 36C-10-1008 Exculpation of trustee
- § 36C-10-1009 Beneficiary's consent, release, or ratification
- § 36C-10-1010 Limitation on personal liability of trustee
- § 36C-10-1011 Interest as general partner
- § 36C-10-1012 Protection of person dealing with trustee
- § 36C-10-1013 Certification of trust
- § 36C-11-1101 Uniformity of application and construction
- § 36C-11-1102 Electronic records and signatures
- § 36C-11-1103 Severability clause
- § 36C-11-1104 Trustee signatures
- § 36C-11-1106 Application to existing relationships