Article 6.
155 words·~1 min read·
/nc/chapter-32/6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Article 6.
Compensation of Trustees and Other Fiduciaries.
§ 32-53. Definitions.
The following definitions apply in this Article:
(1)Legal disability. - A person under a legal disability is a person who is a minor, incompetent, or unborn individual, or whose identity or location is unknown.
(2)Qualified beneficiary. - As defined in G.S. 36C-1-103(15). With respect to a charitable trust defined in G.S. 36C-1-103(4), the term includes
(i)a charitable organization described in G.S. 36C-1-110 as having the rights of a qualified beneficiary; or
(ii)if there is no such charitable organization, the Attorney General.
(3)Representative. - A person who may represent and bind another as provided in Article 3 of Chapter 36C of the General Statutes, the provisions of which shall apply for purposes of this Article.
(4)Trust. - A trust to which Chapter 36C of the General Statutes applies as provided in G.S. 36C-1-102. (2004-139, s. 2; 2007-106, s. 38.)