There is a newer version of the North Carolina General Statutes
2010 North Carolina Code
Chapter 36C North Carolina Uniform Trust Code.
Article 8 - Duties and Powers of Trustee.
36C-8-817. Distribution upon termination.
NC Gen Stat § 36C-8-817 What's This?
36C‑8‑817. Distribution upon termination.
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.)
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