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

§ 36C-8A-12. Power holder's bond.

102 words·~1 min read·/nc/chapter-36c/36c-8a-12

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A bond shall be required for the performance of the power holder's duty only if the terms of a trust require the power holder to provide a bond.

(b)If no bond is required, the provisions of G.S. 36C-7-702(a)(3) and

(4)applicable to a trustee apply to the power holder, but in no event shall a bond be required of a power holder if the terms of a trust require otherwise.

(c)If a bond is required, the provisions of G.S. 36C-7-702(b) and

(c)applicable to a trustee apply to the power holder. (2021-85, s. 2(c).)