GroundRules
N.C. Gen. Stat. § 36C-8A-10: Resignation of power holder.
Where this section sits in the code
- Chapter 36C. North Carolina Uniform Trust Code.
- Article 8A. Powers, Duties, and Liability of a Power Holder Other Than a Trustee; Duty and Liability of a Trustee With Respect to Power Holder's Actions.
(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.)
Collected 2026-08-27T18:01:17Z. Source file · JSON