![]() |
Laws of North Carolina (Last Updated: May 12, 2015) |
![]() |
Chapter36C. North Carolina Uniform Trust Code. |
![]() |
Article8. Duties and Powers of Trustee |
§36C-8-817. Distribution upon termination
Latest version.
-
Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed expeditiously to distribute the trust property to the persons entitled to it, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses, and taxes.
(2005-192, s. 2.)