Laws of North Carolina (Last Updated: May 12, 2015) |
Chapter36C. North Carolina Uniform Trust Code. |
Article4. Creation, Validity, Modification, and Termination of Trust |
§36C-4-418. Distribution upon termination of trust
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Upon termination of a trust under G.S. 36C-4-411(a), the trustee shall distribute the trust property as agreed by the beneficiaries. Upon termination of a trust under G.S. 36C-4-411(b) or (c), the trustee shall distribute the trust property in accordance with the order entered by the court. Upon termination of a trust under G.S. 36C-4-412(a) or G.S. 36C-4-414, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust.
(1999-266, s. 2; 2005-192, s. 2; 2007-106, s. 18.)