There Is a Newer Version
of
the North Carolina General Statutes
2011 North Carolina General Statutes
Chapter 53 Regulation of Financial Services.
Article 14 - Trust Institutions Acting in a Fiduciary Capacity.
53-159. Trust institution may act as fiduciary.
Universal Citation:
NC Gen Stat § 53-159
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on the American Association of Law Libraries Universal Citation Guide and is not
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53‑159. Trust institution may act as fiduciary.
Any trust institution licensed by the Commissioner of Banks, where such powers or privileges are granted it in its charter, may be guardian, trustee, assignee, receiver, executor or administrator or act in another fiduciary capacity in this State without giving any bond; and the clerks of the superior courts, or other officers charged with the duty or clothed with the power of making such appointments, are authorized to appoint such trust institution to any such office. (1945, c. 743, s. 1; 2001‑263, s. 3; 2011‑339, s. 7.)
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