{"data":{"id":"us-nc/n.c.-gen.-stat.-36c-8a-7","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 36C-8A-7","heading":"Accepting or declining the appointment as power holder.","body":"(a)\tA person designated as a power holder accepts the appointment to serve as a power holder:\n(1)\tBy substantially complying with a method of acceptance provided in the terms of a trust; or\n(2)\tIf the terms of a trust do not provide a method or the method provided in the terms of a trust is not expressly made exclusive, by exercising powers or performing duties as a power holder or otherwise indicating acceptance of the appointment to serve as a power holder.\n(b)\tA person designated as a power holder may reject the appointment to serve as a power holder. A trustee may give written notice to a power holder requesting acceptance of the appointment as power holder. A power holder who does not accept such appointment within 120 days after receipt of such notice is considered to have rejected the appointment to serve as a power holder. (2012-18, s. 3.4.)","path":["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."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_36C/GS_36C-8A-7.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:01:17Z","sha256":"029e32a8644c340334666ad73f1c31985d20d8b1da5fe5089145e7183b0adc5b","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-36c-8a-6","next":"us-nc/n.c.-gen.-stat.-36c-8a-8"},"notice":"GroundRules: Original legal text. Not legal advice."}