N.C. Gen. Stat. § 36C-4-418

Current through Session Law 2024-53

Section 36C-4-418 - Distribution upon termination of trust

Upon termination of a trust under G.S. 36C-4-411(a), the trustee shall distribute the trust property as agreed by the beneficiaries. Upon termination of a trust under G.S. 36C-4-411(b) or (c), the trustee shall distribute the trust property in accordance with the order entered by the court. Upon termination of a trust under G.S. 36C-4-412(a) or G.S. 36C-4-414, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust.

N.C. Gen. Stat. § 36C-4-418

Amended by 2007 N.C. Sess. Laws 106,s. 18, eff. 10/1/2007.

Amended and renumbered by 2005 N.C. Sess. Laws 192, s. 2, eff. 1/1/2006.

1999-266, s. 2.