GroundRules
← Search the law
North Carolina · Through S.L. 2026-30

N.C. Gen. Stat. § 53-159: Trust institution may act as fiduciary.

Read at publisher ↗
Where this section sits in the code
  1. Chapter 53. Regulation of Financial Services.
  2. Article 14. Trust Institutions Acting in a Fiduciary Capacity.
  3. Part 1. General Provisions.

Any trust institution licensed by the Commissioner of Banks, where such powers or privileges are granted it in its charter, may be guardian, trustee, assignee, receiver, executor or administrator or act in another fiduciary capacity in this State without giving any bond; and the clerks of the superior courts, or other officers charged with the duty or clothed with the power of making such appointments, are authorized to appoint such trust institution to any such office. (1945, c. 743, s. 1; 2001-263, s. 3; 2011-339, s. 7.)

Collected 2026-08-27T18:05:12Z. Source file · JSON

Browse this collection