There is a newer version of the North Carolina General Statutes
2015 North Carolina General Statutes
Chapter 36C - North Carolina Uniform Trust Code.
Article 8A - Powers, Duties, and Liability of a Power Holder Other Than a Trustee; Duty and Liability of a Trustee With Respect to Power Holder's Actions.
§ 36C-8A-10 - Resignation of power holder.
NC Gen Stat § 36C-8A-10 (2015) What's This?
36C-8A-10. Resignation of power holder.
(a) A power holder may resign upon either of the following conditions:
(1) Upon at least 30 days' notice in writing to the qualified beneficiaries, the settlor, if living, and all trustees.
(2) With the approval of the court.
(b) In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property. (2012-18, s. 3.4.)
Disclaimer: These codes may not be the most recent version. North Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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