Chapter 36C - North Carolina Uniform Trust Code.

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Chapter 36C
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Article 1 - General Provisions and Definitions.
G.S. 36C-1-101
§ 36C-1-101. Short title.
G.S. 36C-1-102
§ 36C-1-102. Scope.
G.S. 36C-1-103
§ 36C-1-103. Definitions.
G.S. 36C-1-104
§ 36C-1-104. Knowledge.
G.S. 36C-1-105
§ 36C-1-105. Default and mandatory rules.
G.S. 36C-1-106
§ 36C-1-106. Common law of trusts; principles of equity.
G.S. 36C-1-107
§ 36C-1-107. Governing law.
G.S. 36C-1-108
§ 36C-1-108. Principal place of administration.
G.S. 36C-1-109
§ 36C-1-109. Methods and waiver of notice.
G.S. 36C-1-110
§ 36C-1-110. Others treated as qualified beneficiaries.
G.S. 36C-1-111
§ 36C-1-111. Nonjudicial settlement agreements.
G.S. 36C-1-112
§ 36C-1-112. Rules of construction.
G.S. 36C-1-113
§ 36C-1-113. Construction of certain formula clauses applicable to estates of decedents dying in calendar year 2010.
G.S. 36C-1-114
§ 36C-1-114. Insurable interest of trustee.
Article 2 - Judicial Proceedings.
G.S. 36C-2-201
§ 36C-2-201. Role of court in administration of trust.
G.S. 36C-2-202
§ 36C-2-202. Jurisdiction over trustee and beneficiary.
G.S. 36C-2-203
§ 36C-2-203. Subject matter jurisdiction.
G.S. 36C-2-204
§ 36C-2-204. Venue.
G.S. 36C-2-205
§ 36C-2-205. Commencement of proceedings, pleadings, consolidation, and joinder.
G.S. 36C-2-206
§ 36C-2-206. Representation of parties.
G.S. 36C-2-207
§ 36C-2-207. Waiver of notice.
G.S. 36C-2-208
§ 36C-2-208. Accounting to clerk.
G.S. 36C-2-209
§ 36C-2-209. Qualification and accounting of trustee of a testamentary trust.
Article 3 - Representation.
G.S. 36C-3-301
§ 36C-3-301. Representation: basic effect.
G.S. 36C-3-302
§ 36C-3-302. Representation by holder of power of revocation or general power of appointment.
G.S. 36C-3-303
§ 36C-3-303. Representation by fiduciaries, parents, and other persons.
G.S. 36C-3-304
§ 36C-3-304. Representation by person having substantially identical interest.
G.S. 36C-3-305
§ 36C-3-305. Appointment of representative; scope of representation.
Article 4 - Creation, Validity, Modification, and Termination of Trust.
G.S. 36C-4-401
§ 36C-4-401. Methods of creating trust.
G.S. 36C-4-401.1
§ 36C-4-401.1. Interest of trustee as beneficiary of life insurance or other death benefit sufficient to support inter vivos or testamentary trust.
G.S. 36C-4-401.2
§ 36C-4-401.2. Creation of trust by a court.
G.S. 36C-4-402
§ 36C-4-402. Requirements for creation.
G.S. 36C-4-403
§ 36C-4-403. Trusts created in other jurisdictions.
G.S. 36C-4-404
§ 36C-4-404. Trust purposes.
G.S. 36C-4-405
§ 36C-4-405. Charitable purposes.
G.S. 36C-4-405.1
§ 36C-4-405.1. Enforcement of charitable gift or trust.
G.S. 36C-4-405.2
§ 36C-4-405.2. Spending rules applicable to charitable trusts.
G.S. 36C-4-406
§ 36C-4-406. Creation of trust induced by fraud, duress, or undue influence.
G.S. 36C-4-407
§ 36C-4-407. Evidence of oral trust.
G.S. 36C-4-408
§ 36C-4-408. Trust for care of animal.
G.S. 36C-4-409
§ 36C-4-409. Noncharitable trust without ascertainable beneficiary.
G.S. 36C-4-410
§ 36C-4-410. Modification or termination of trust; proceedings for approval or disapproval.
G.S. 36C-4-411
§ 36C-4-411. Modification or termination of noncharitable irrevocable trust by consent.
G.S. 36C-4-412
§ 36C-4-412. Modification or termination because of unanticipated circumstances or inability to administer trust effectively.
G.S. 36C-4-413
§ 36C-4-413. Cy pres.
G.S. 36C-4-414
§ 36C-4-414. Modification or termination of uneconomic trust.
G.S. 36C-4-415
§ 36C-4-415. Reformation to correct mistakes.
G.S. 36C-4-416
§ 36C-4-416. Modification to achieve settlor's tax objectives.
G.S. 36C-4-417
§ 36C-4-417. Combination and division of trusts.
G.S. 36C-4-418
§ 36C-4-418. Distribution upon termination of trust.
G.S. 36C-4-419
§ 36C-4-419. Effect of inalienable interest on modification or termination.
Article 4A - Tax Status of Charitable Trusts.
G.S. 36C-4A-1
§ 36C-4A-1. Prohibited transactions.
G.S. 36C-4A-2
§ 36C-4A-2. Reformation of charitable remainder trust.
Article 4B - Charitable Remainder Trust Administration Act.
G.S. 36C-4B-1
§ 36C-4B-1. Short title.
G.S. 36C-4B-2
§ 36C-4B-2. General rule.
G.S. 36C-4B-3
§ 36C-4B-3. Definitions.
G.S. 36C-4B-4
§ 36C-4B-4. Administrative provisions applicable to both charitable remainder annuity trusts and charitable remainder unitrusts.
G.S. 36C-4B-5
§ 36C-4B-5. Administrative provisions applicable to charitable remainder trusts only.
G.S. 36C-4B-6
§ 36C-4B-6. Administrative provisions applicable to charitable remainder unitrusts only.
G.S. 36C-4B-7
§ 36C-4B-7. Interpretation.
Article 4C - Judicial Establishment of Validity of a Revocable Trust.
G.S. 36C-4C-1
§ 36C-4C-1. Proceedings for validity of a revocable trust.
G.S. 36C-4C-2
§ 36C-4C-2. Establishing validity of a revocable trust before death.
G.S. 36C-4C-3
§ 36C-4C-3. Venue.
G.S. 36C-4C-4
§ 36C-4C-4. Contents of petition for revocable trust validity.
G.S. 36C-4C-5
§ 36C-4C-5. Declaration by court; bar to contesting validity of trust.
G.S. 36C-4C-6
§ 36C-4C-6. Confidentiality.
Article 5 - Creditors' Claims; Spendthrift and Discretionary Trusts.
G.S. 36C-5-501
§ 36C-5-501. Rights of beneficiary's creditor or assignee.
G.S. 36C-5-502
§ 36C-5-502. Spendthrift provision.
G.S. 36C-5-503
§ 36C-5-503. Exceptions to spendthrift provision.
G.S. 36C-5-504
§ 36C-5-504. Discretionary trusts; effect of standard.
G.S. 36C-5-505
§ 36C-5-505. Creditor's claim against settlor.
G.S. 36C-5-506
§ 36C-5-506. Overdue distribution.
G.S. 36C-5-507
§ 36C-5-507. Personal obligations of trustee.
G.S. 36C-5-508
§ 36C-5-508. Protective trusts.
Article 6 - Revocable Trusts.
G.S. 36C-6-601
§ 36C-6-601. Capacity of settlor of revocable trust.
G.S. 36C-6-602
§ 36C-6-602. Revocation or amendment of revocable trust.
G.S. 36C-6-602.1
§ 36C-6-602.1. Exercise of settlor's powers with respect to revocable trust by agent or guardian.
G.S. 36C-6-603
§ 36C-6-603. Settlor's control of revocable trust.
G.S. 36C-6-604
§ 36C-6-604. Limitation on action contesting validity of revocable trust; distribution of trust property.
Modified by:
G.S. 36C-6-605
§ 36C-6-605. Failure of disposition of property of a trust by lapse or otherwise.
G.S. 36C-6-606
§ 36C-6-606. Revocation of provisions in revocable trust by divorce or annulment; revival.
G.S. 36C-6-607
§ 36C-6-607. Modification or termination of a revocable trust.
Article 7 - Office of Trustee.
G.S. 36C-7-701
§ 36C-7-701. Accepting or declining trusteeship.
G.S. 36C-7-702
§ 36C-7-702. Trustee's bond.
G.S. 36C-7-703
§ 36C-7-703. Cotrustees.
G.S. 36C-7-704
§ 36C-7-704. Vacancy in trusteeship; appointment of successor.
G.S. 36C-7-705
§ 36C-7-705. Resignation of trustee.
G.S. 36C-7-706
§ 36C-7-706. Removal of trustee.
G.S. 36C-7-707
§ 36C-7-707. Delivery of property by former trustee.
G.S. 36C-7-708
§ 36C-7-708. Compensation of trustee.
G.S. 36C-7-709
§ 36C-7-709. Reimbursement of expenses.
Article 8 - Duties and Powers of Trustee.
G.S. 36C-8-801
§ 36C-8-801. Duty to administer trust.
G.S. 36C-8-802
§ 36C-8-802. Duty of loyalty.
G.S. 36C-8-803
§ 36C-8-803. Impartiality.
G.S. 36C-8-804
§ 36C-8-804. Prudent administration.
G.S. 36C-8-805
§ 36C-8-805. Cost of administration.
G.S. 36C-8-806
§ 36C-8-806. Trustee's skills.
G.S. 36C-8-807
§ 36C-8-807. Delegation by trustee.
G.S. 36C-8-808
§ 36C-8-808. Powers of a settlor to take certain actions with respect to the trust.
G.S. 36C-8-809
§ 36C-8-809. Control and protection of trust property.
G.S. 36C-8-810
§ 36C-8-810. Record keeping and identification of trust property.
G.S. 36C-8-811
§ 36C-8-811. Enforcement and defense of claims.
G.S. 36C-8-812
§ 36C-8-812. Collecting trust property.
G.S. 36C-8-813
§ 36C-8-813. Duty to inform and report.
G.S. 36C-8-814
§ 36C-8-814. Discretionary powers; tax savings.
G.S. 36C-8-815
§ 36C-8-815. General powers of trustee.
G.S. 36C-8-816
§ 36C-8-816. Specific powers of trustee.
G.S. 36C-8-816.1
§ 36C-8-816.1: Repealed by Session 2017-121, s. 2.4, effective July 18, 2017.
G.S. 36C-8-817
§ 36C-8-817. Distribution upon termination.
G.S. 36C-8-818
§ 36C-8-818. Notice of deceased Medicaid beneficiaries.
Article 8A - Powers, Duties, and Liability of a Power Holder Other Than a Trustee; Duty and Liability of a Trustee With Respect to Power Holder's Actions.
G.S. 36C-8A-1
§ 36C-8A-1. "Power holder" defined.
G.S. 36C-8A-2
§ 36C-8A-2. Powers of a power holder.
G.S. 36C-8A-3
§ 36C-8A-3. Duty and liability of power holder.
G.S. 36C-8A-4
§ 36C-8A-4. Duty and liability of trustee.
G.S. 36C-8A-4.1
§ 36C-8A-4.1. Limitations of actions against power holder for breach of trust.
G.S. 36C-8A-4.2
§ 36C-8A-4.2. Defenses in action against power holder.
G.S. 36C-8A-5
§ 36C-8A-5. Compensation and reimbursement of expenses of power holder.
G.S. 36C-8A-6
§ 36C-8A-6. Jurisdiction over power holder.
G.S. 36C-8A-7
§ 36C-8A-7. Accepting or declining the appointment as power holder.
G.S. 36C-8A-8
§ 36C-8A-8. Vacancy in the office of the power holder.
G.S. 36C-8A-9
§ 36C-8A-9. More than one power holder.
G.S. 36C-8A-10
§ 36C-8A-10. Resignation of power holder.
G.S. 36C-8A-11
§ 36C-8A-11. Removal of power holder.
G.S. 36C-8A-12
§ 36C-8A-12. Power holder's bond.
Article 8B - North Carolina Uniform Trust Decanting Act.
G.S. 36C-8B-1
§ 36C-8B-1. Short title.
G.S. 36C-8B-2
§ 36C-8B-2. Definitions.
G.S. 36C-8B-3
§ 36C-8B-3. Scope.
G.S. 36C-8B-4
§ 36C-8B-4. Fiduciary duty.
G.S. 36C-8B-5
§ 36C-8B-5. Application; governing law.
G.S. 36C-8B-6
§ 36C-8B-6. Reasonable reliance.
G.S. 36C-8B-7
§ 36C-8B-7. Notice; exercise of decanting power.
G.S. 36C-8B-8
§ 36C-8B-8. Reserved.
G.S. 36C-8B-9
§ 36C-8B-9. Court involvement.
G.S. 36C-8B-10
§ 36C-8B-10. Formalities.
G.S. 36C-8B-11
§ 36C-8B-11. Decanting power.
G.S. 36C-8B-12
§ 36C-8B-12. Reserved.
G.S. 36C-8B-13
§ 36C-8B-13. Trust for beneficiary with disability.
G.S. 36C-8B-14
§ 36C-8B-14. Reserved.
G.S. 36C-8B-15
§ 36C-8B-15. Trust limitation on decanting.
G.S. 36C-8B-16
§ 36C-8B-16. Change in compensation.
G.S. 36C-8B-17
§ 36C-8B-17. Relief from liability and indemnification.
G.S. 36C-8B-18
§ 36C-8B-18. Removal or replacement of authorized fiduciary.
G.S. 36C-8B-19
§ 36C-8B-19. Tax-related limitations.
G.S. 36C-8B-20
§ 36C-8B-20. Duration of second trust.
G.S. 36C-8B-21
§ 36C-8B-21. Need to distribute not required.
G.S. 36C-8B-22
§ 36C-8B-22. Saving provision.
G.S. 36C-8B-23
§ 36C-8B-23. Reserved.
G.S. 36C-8B-24
§ 36C-8B-24. Terms of second trust.
G.S. 36C-8B-25
§ 36C-8B-25. Settlor.
G.S. 36C-8B-26
§ 36C-8B-26. Later-discovered property.
G.S. 36C-8B-27
§ 36C-8B-27. Reserved.
G.S. 36C-8B-28
§ 36C-8B-28. Reserved.
G.S. 36C-8B-29
§ 36C-8B-29. Reserved.
G.S. 36C-8B-30
§ 36C-8B-30. Reserved.
Article 9 - Uniform Prudent Investor Act.
G.S. 36C-9-901
§ 36C-9-901. Prudent investor rule; applicability.
G.S. 36C-9-902
§ 36C-9-902. Standard of care; portfolio strategy; risk and return objectives.
G.S. 36C-9-903
§ 36C-9-903. Diversification.
G.S. 36C-9-903.1
§ 36C-9-903.1. Duties as to life insurance.
G.S. 36C-9-904
§ 36C-9-904. Duties at inception of trusteeship.
G.S. 36C-9-905
§ 36C-9-905. Reviewing compliance.
G.S. 36C-9-906
§ 36C-9-906. Effect on charitable remainder trusts.
G.S. 36C-9-907
§ 36C-9-907. Short title.
Article 10 - Liability of Trustees and Rights of Persons Dealing with Trustees.
G.S. 36C-10-1001
§ 36C-10-1001. Remedies for breach of trust.
G.S. 36C-10-1002
§ 36C-10-1002. Damages for breach of trust.
G.S. 36C-10-1003
§ 36C-10-1003. Liability in absence of breach.
G.S. 36C-10-1004
§ 36C-10-1004. Attorneys' fees and costs.
G.S. 36C-10-1005
§ 36C-10-1005. Limitation of action against trustee.
G.S. 36C-10-1006
§ 36C-10-1006. Reliance on trust instrument.
G.S. 36C-10-1007
§ 36C-10-1007. Event affecting administration or distribution.
G.S. 36C-10-1008
§ 36C-10-1008. Exculpation of trustee.
G.S. 36C-10-1009
§ 36C-10-1009. Beneficiary's consent, release, or ratification.
G.S. 36C-10-1010
§ 36C-10-1010. Limitation on personal liability of trustee.
G.S. 36C-10-1011
§ 36C-10-1011. Interest as general partner.
G.S. 36C-10-1012
§ 36C-10-1012. Protection of person dealing with trustee.
G.S. 36C-10-1013
§ 36C-10-1013. Certification of trust.
Article 11 - Miscellaneous Provisions.
G.S. 36C-11-1101
§ 36C-11-1101. Uniformity of application and construction.
G.S. 36C-11-1102
§ 36C-11-1102. Electronic records and signatures.
G.S. 36C-11-1103
§ 36C-11-1103. Severability clause.
G.S. 36C-11-1104
§ 36C-11-1104. Trustee signatures.
G.S. 36C-11-1105
§ 36C-11-1105: Reserved for future codification purposes.
G.S. 36C-11-1106
§ 36C-11-1106. Application to existing relationships.