2010 North Carolina Code
Chapter 36C North Carolina Uniform Trust Code.
Article 10 - Liability of Trustees and Rights of Persons Dealing with Trustees.
36C-10-1009. Beneficiary's consent, release, or ratification.
36C‑10‑1009. Beneficiary's consent, release, or ratification.
(a) A trustee is not liable to a beneficiary for breach of trust if the beneficiary consented to the conduct constituting the breach, released the trustee from liability for the breach, or ratified the transaction constituting the breach, unless:
(1) The consent, release, or ratification of the beneficiary was induced by improper conduct of the trustee; or
(2) At the time of the consent, release, or ratification, the beneficiary did not have knowledge of the beneficiary's rights or of the material facts relating to the breach.
(b) No consideration is required for the consent, release, or ratification to be valid. (2005‑192, s. 2.)
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