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

§ 33B-6. Single beneficiaries; separate custodial trusts.

57 words·~1 min read·/nc/chapter-33b/33b-6

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§ 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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