Section 36C-8A-12 - Power holder's bond(a) A bond shall be required for the performance of the power holder's duty only if the terms of a trust require the power holder to provide a bond.(b) If no bond is required, the provisions of G.S. 36C-7-702(a)(3) and (4) applicable to a trustee apply to the power holder, but in no event shall a bond be required of a power holder if the terms of a trust require otherwise.(c) If a bond is required, the provisions of G.S. 36C-7-702(b) and (c) applicable to a trustee apply to the power holder.N.C. Gen. Stat. § 36C-8A-12
Added by 2021 N.C. Sess. Laws 85,s. 2-c, eff. 7/8/2021.