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Code · North Carolina · Chapter 36C — North Carolina Uniform Trust Code

§ 36C-4-418. Distribution upon termination of trust.

90 words·~1 min read·/nc/chapter-36c/36c-4-418

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§ 36C-4-418. Distribution upon termination of trust.
Upon termination of a trust under G.S. 36C-4-411(a), the trustee shall distribute the trust property as agreed by the beneficiaries. Upon termination of a trust under G.S. 36C-4-411(b) or (c), the trustee shall distribute the trust property in accordance with the order entered by the court. Upon termination of a trust under G.S. 36C-4-412(a) or G.S. 36C-4-414, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust. (1999-266, s. 2; 2005-192, s. 2; 2007-106, s. 18.)
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