Current through Session Law 2024-56
Section 36C-8-810 - Record keeping and identification of trust property(a) A trustee shall keep adequate records of the administration of the trust.(b) A trustee shall keep trust property separate from the trustee's own property.(c) Except as otherwise provided in subsection (d) of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.(d) If the trustee maintains records clearly indicating the respective interests, a trustee may invest and administer as a whole the property of two or more separate trusts.N.C. Gen. Stat. § 36C-8-810
Amended by 2007 N.C. Sess. Laws 106,s. 34.1, eff. 10/1/2007.Added by 2005 N.C. Sess. Laws 192, s. 2, eff. 1/1/2006.