Laws of North Carolina (Last Updated: May 12, 2015) |
Chapter33B. North Carolina Uniform Custodial Trust Act. |
§33B-6. Single beneficiaries; separate custodial trusts
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(a) Beneficial interests in a custodial trust may not be created for multiple beneficiaries.
(b) All custodial trust property held under this act by the same custodial trustee for the use and benefit of a single beneficiary may be administered as a single custodial trust.
(1995, c. 486, s. 1.)