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

§ 36C-8A-10. Resignation of power holder.

70 words·~1 min read·/nc/chapter-36c/36c-8a-10

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§ 36C-8A-10. Resignation of power holder.
(a)A power holder may resign upon either of the following conditions:
(1)Upon at least 30 days' notice in writing to the qualified beneficiaries, the settlor, if living, and all trustees.
(2)With the approval of the court.
(b)In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property. (2012-18, s. 3.4.)
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