N.C. Gen. Stat. § 32-53

Definitions.

Last amended: 2007Year: 2026Length: 141 wordsOfficial source
§ 32-53. Definitions. The following definitions apply in this Article: (1) Legal disability. - A person under a legal disability is a person who is a minor, incompetent, or unborn individual, or whose identity or location is unknown. (2) Qualified beneficiary. - As defined in G.S. 36C-1-103(15). With respect to a charitable trust defined in G.S. 36C-1-103(4), the term includes (i) a charitable organization described in G.S. 36C-1-110 as having the rights of a qualified beneficiary; or (ii) if there is no such charitable organization, the Attorney General. (3) Representative. - A person who may represent and bind another as provided in Article 3 of Chapter 36C of the General Statutes, the provisions of which shall apply for purposes of this Article. (4) Trust. - A trust to which Chapter 36C of the General Statutes applies as provided in G.S. 36C-1-102.
N.C. Gen. Stat. § 32-53: Definitions. | Justis AI