Laws of North Carolina (Last Updated: May 12, 2015) |
Chapter36C. North Carolina Uniform Trust Code. |
Article6. Revocable Trusts |
§36C-6-603. Settlor's control of revocable trust
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(a) While a trust is revocable, rights of the beneficiaries are subject to the control of, and the duties of the trustee are owed exclusively to, the settlor. If a trustee is a settlor, the trustee's actions are presumed to be taken at the direction of the settlor.
(b) If a revocable trust has more than one settlor, the duties of the trustee are owed to all of the settlors.
(2005-192, s. 2; 2007-106, s. 24.)