North Carolina General Statutes § 33B-6. Single beneficiaries; separate custodial trusts.

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§ 33B‑6.  Single beneficiaries; separate custodial trusts.

(a)       Beneficial interests in a custodial trust may not be created for multiple beneficiaries.

(b)       All custodial trust property held under this act by the same custodial trustee for the use and benefit of a single beneficiary may be administered as a single custodial trust. (1995, c. 486, s. 1.)