Current through Session Law 2024-53
Section 32-53 - DefinitionsThe following definitions apply in this Article:
(1) Legal disability. - A person under a legal disability is a person who is a minor, incompetent, or unborn individual, or whose identity or location is unknown.(2) Qualified beneficiary. - As defined in G.S. 36C-1-103(15). With respect to a charitable trust defined in G.S. 36C-1-103(4), the term includes (i) a charitable organization described in G.S. 36C-1-110 as having the rights of a qualified beneficiary; or (ii) if there is no such charitable organization, the Attorney General.(3) Representative. - A person who may represent and bind another as provided in Article 3 of Chapter 36C of the General Statutes, the provisions of which shall apply for purposes of this Article.(4) Trust. - A trust to which Chapter 36C of the General Statutes applies as provided in G.S. 36C-1-102.Amended by 2007 N.C. Sess. Laws 106,s. 38, eff. 10/1/2007.Added by 2004 N.C. Sess. Laws 0139, s. 2, eff. 1/1/2005.