US Laws, Codes, Statutes & Cases

Article 4.

Creation, Validity, Modification, and Termination of Trust.

§ 36C‑4‑401.  Methods of creating trust.

A trust may be created by:

(1)       Transfer of property by a settlor to a person as trustee during the settlor's lifetime or by will or other disposition taking effect upon the settlor's death;

(2)       Declaration by the owner of property that the owner holds identifiable property as trustee unless the transfer of title of that property is otherwise required by law; or

(3)       Exercise of a power of appointment in favor of a trustee. (2005‑192, s. 2.)