N.C. Gen. Stat. § 36C-8B-3

Scope.

Last amended: 2017Year: 2026Length: 167 wordsSubsections: 5Official source
§ 36C-8B-3. Scope. (a) Except as otherwise provided in this section, this Article applies to an express trust that is irrevocable or revocable by the settlor only with the consent of the trustee or a person holding an adverse interest. (b) This Article shall not apply to a trust held solely for charitable purposes as described in G.S. 36C-4-405(a). (c) Subject to G.S. 36C-8B-15, a trust instrument may restrict or prohibit exercise of the decanting power. (d) This Article shall not limit the power of a trustee, power holder, or other person to distribute or appoint property in further trust or to modify a trust under the trust instrument, law of this State other than this Article, common law, a court order, or a nonjudicial settlement agreement. (e) This Article shall not affect the ability of a settlor to provide in a trust instrument for the distribution of the trust property or appointment in further trust of the trust property or for modification of the trust instrument.
N.C. Gen. Stat. § 36C-8B-3: Scope. | Justis AI