Current through Session Law 2024-53
Section 36C-8A-10 - Resignation of power holder(a) A power holder may resign upon either of the following conditions: (1) Upon at least 30 days' notice in writing to the qualified beneficiaries, the settlor, if living, and all trustees.(2) With the approval of the court.(b) In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.N.C. Gen. Stat. § 36C-8A-10
Added by 2012 N.C. Sess. Laws 18,s. 3.4, eff. 6/11/2012.The state reviser changed the code section number from § 36C-8A-810 to § 36C-8A-10.