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2018 North Carolina General Statutes
Chapter 33B - North Carolina Uniform Custodial Trust Act
§ 33B-6 - Single beneficiaries; separate custodial trusts.
Universal Citation: NC Gen Stat § 33B-6 (2018)
33B-6. Single beneficiaries; separate custodial trusts.
(a) Beneficial interests in a custodial trust may not be created for multiple beneficiaries.
(b) All custodial trust property held under this act by the same custodial trustee for the use and benefit of a single beneficiary may be administered as a single custodial trust. (1995, c. 486, s. 1.)
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