{"data":{"id":"us-nc/n.c.-gen.-stat.-36c-5-502","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 36C-5-502","heading":"Spendthrift provision.","body":"(a)\tA spendthrift provision is valid only if it restrains both voluntary and involuntary transfer of a beneficiary's interest.\n(b)\tA term of a trust providing that the interest of a beneficiary is held subject to a \"spendthrift trust\", or words of similar import, is sufficient to restrain both voluntary and involuntary transfer of the beneficiary's interest.\n(c)\tA beneficiary may not transfer an interest in a trust in violation of a valid spendthrift provision and, except as otherwise provided in this Article, a creditor or assignee of the beneficiary may not reach the interest or a distribution by the trustee before its receipt by the beneficiary. (2005-192, s. 2.)","path":["Chapter 36C. North Carolina Uniform Trust Code.","Article 5. Creditors' Claims; Spendthrift and Discretionary Trusts."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_36C/GS_36C-5-502.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:01:17Z","sha256":"35621599cdf298215322550aa770efc6610faa30b52f109ec116f596844bd606","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-36c-5-501","next":"us-nc/n.c.-gen.-stat.-36c-5-503"},"notice":"GroundRules: Original legal text. Not legal advice."}