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Code · North Carolina · Chapter 33B — North Carolina Uniform Custodial Trust Act

§ 33B-22. Limitation on value of custodial trust property.

85 words·~1 min read·/nc/chapter-33b/33b-22

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§ 33B-22. Limitation on value of custodial trust property.
Transfers or declarations of property to the corpus of a custodial trust under this act shall not exceed in the aggregate one hundred thousand dollars ($100,000) in value, exclusive of the value of the transferor's or declarant's personal residence. This limitation shall not apply to any appreciation in the value of the corpus held in the custodial trust. A good faith violation of this section shall not invalidate a custodial trust. (1995, c. 486, s. 1.)
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