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

§ 36C-8-817. Distribution upon termination.

56 words·~1 min read·/nc/chapter-36c/36c-8-817

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§ 36C-8-817. Distribution upon termination.
Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed expeditiously to distribute the trust property to the persons entitled to it, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses, and taxes. (2005-192, s. 2.)
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