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2011 North Carolina General Statutes
Chapter 32 Fiduciaries.
Article 6 - Compensation of Trustees and Other Fiduciaries.
32-57. Judicial review; payment of compensation and other payments with court order.

Universal Citation:
NC Gen Stat § 32-57
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.

32‑57. Judicial review; payment of compensation and other payments with court order.

(a) If the terms of the trust do not specify the trustee's compensation, the trustee or any qualified beneficiary, or representative of a qualified beneficiary, may initiate a proceeding under Article 2 of Chapter 36C of the General Statutes for review of the reasonableness of any compensation or expense reimbursement and for the approval or denial of the payment of compensation or expense reimbursement. A beneficiary may initiate a proceeding even though the 20‑day period referred to in G.S. 32‑56(2) has expired.

(b) In connection with reviewing the reasonableness of any compensation or expense reimbursement, the clerk of superior court may order the trustee to make appropriate refunds if the clerk determines upon review that a trustee has received excessive compensation or expense reimbursement. (2004‑139, s. 2; 2006‑259, s. 13(n); 2007‑106, s. 41.)

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