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

§ 36C-6-603. Settlor's control of revocable trust.

83 words·~1 min read·/nc/chapter-36c/36c-6-603

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§ 36C-6-603. Settlor's control of revocable trust.
(a)While a trust is revocable, rights of the beneficiaries are subject to the control of, and the duties of the trustee are owed exclusively to, the settlor. If a trustee is a settlor, the trustee's actions are presumed to be taken at the direction of the settlor.
(b)If a revocable trust has more than one settlor, the duties of the trustee are owed to all of the settlors. (2005-192, s. 2; 2007-106, s. 24.)
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