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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-9 - More than one power holder.

NC Gen Stat § 36C-8A-9 (2015) What's This?

36C-8A-9. More than one power holder.

When there is more than one power holder authorized to act, and they are unable to reach a unanimous decision, they may act by majority decision. Unanimity is required when only two are authorized to act. (2012-18, s. 3.4.)


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