GroundRules
N.C. Gen. Stat. § 36C-8A-12: Power holder's bond.
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 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).)
Collected 2026-08-27T18:01:17Z. Source file · JSON