N.C. Gen. Stat. § 36C-4-419

Current through Session Law 2024-58

Section 36C-4-419 - Effect of inalienable interest on modification or termination

The court, in exercising its discretion to modify or terminate an irrevocable trust under G.S. 36C-4-411, 36C-4-412, or 36C-4-414 shall consider provisions making the interest of a beneficiary inalienable, including those described in Article 5, but the court is not precluded from the exercise of that discretion solely because of such provisions.

N.C. Gen. Stat. § 36C-4-419

Amended by 2006 N.C. Sess. Laws 259,s. 13.(i), eff. 10/1/2006.

Added by 2005 N.C. Sess. Laws 192, s. 2, eff. 1/1/2006.