NC General Statutes

N.C. Gen. Stat. § 53-303 (2026)

Companies authorized to engage in trust business

✓ current as of July 2026

Find cases: SyfertCases citing this section NCLEGncleg.gov (official) JustiaChapter 53 CornellLII Search CasesGoogle Scholar

(a) No company shall engage in trust business in this State except:

(1) A State trust company;

(2) A State bank;

(3) A State savings association;

(4) A national bank having its principal office in this State;

(5) A federally chartered savings association having its principal office in this State;

(6) An out-of-state trust institution in accordance with and subject to the provisions of Subpart D of this Part;

(7) A foreign trust institution in accordance with and subject to the provisions of Subpart E of this Part; or

(8) A company otherwise authorized to engage in trust business or to act in a particular capacity described in G.S. 53-331(b)(2) under the laws of this State or of the United States.

(b) No company shall engage in unauthorized trust activity, and all companies shall engage in trust business in accordance with and subject to all applicable laws of this State. (2001-263, s. 1.)

Notes of Decisions

Cited in 1 case (1 in the last 5 years), 2026–2026 · leading case: In re: Russo (N.C. Ct. App. 2026).

Sort: Relevance Newest Treatment

In re: Russo (N.C. Ct. App. 2026). · cites it 8× “IN RE: RUSSO Opinion of the Court The central issues on appeal are whether a law firm, as a corporate entity, may serve as trustee of a trust or executor of a will without being authorized under one of the eight enumerated categories listed in N.C. Gen. Stat. § 53-303 (a). We…”

— N.C. Gen. Stat. § 53-303(a) — 1 case

In re: Russo (N.C. Ct. App. 2026). “IN RE: RUSSO Opinion of the Court The central issues on appeal are whether a law firm, as a corporate entity, may serve as trustee of a trust or executor of a will without being authorized under one of the eight enumerated categories listed in N.C. Gen. Stat. § 53-303 (a). We…”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.