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2011 North Carolina General Statutes
Chapter 32 Fiduciaries.
Article 6 - Compensation of Trustees and Other Fiduciaries.
32-53. Definitions.

Universal Citation:
NC Gen Stat § 32-53
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

32‑53. Definitions.

The following definitions apply in this Article:

(1) Legal disability. A person under a legal disability is a person who is a minor, incompetent, or unborn individual, or whose identity or location is unknown.

(2) Qualified beneficiary. As defined in G.S. 36C‑1‑103(15). With respect to a charitable trust defined in G.S. 36C‑1‑103(4), the term includes (i) a charitable organization described in G.S. 36C‑1‑110 as having the rights of a qualified beneficiary; or (ii) if there is no such charitable organization, the Attorney General.

(3) Representative. A person who may represent and bind another as provided in Article 3 of Chapter 36C of the General Statutes, the provisions of which shall apply for purposes of this Article.

(4) Trust. A trust to which Chapter 36C of the General Statutes applies as provided in G.S. 36C‑1‑102. (2004‑139, s. 2; 2007‑106, s. 38.)

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