{"data":{"id":"us-nc/n.c.-gen.-stat.-32-56","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 32-56","heading":"Payment of compensation without court order.","body":"The trustee is authorized to pay the compensation provided for in G.S. 32-54 without prior approval of the clerk of superior court only if:\n(1)\tThe annual amount of compensation does not exceed four-tenths of one percent (4/10 of 1%) of the principal value of the assets of the trust on the last day of the trust accounting year; or\n(2)\tNotice has been given pursuant to G.S. 32-55 and no qualified beneficiary or representative of a qualified beneficiary has initiated a proceeding under G.S. 32-57 for review of the reasonableness of the compensation within 20 days after notice has been given by the trustee in accordance with G.S. 32-55. (2004-139, s. 2; 2007-106, s. 40.)","path":["Chapter 32. Fiduciaries.","Article 6. Compensation of Trustees and Other Fiduciaries."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_32/GS_32-56.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:00:12Z","sha256":"25647a02a0c6bcd604832ae969439cc9409611b2880732fbc0d9c18eaa16c36b","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-32-55","next":"us-nc/n.c.-gen.-stat.-32-57"},"notice":"GroundRules: Original legal text. Not legal advice."}