N.C. Gen. Stat. § 36C-6-603

Current through Session Law 2024-56
Section 36C-6-603 - Settlor's control of revocable trust
(a) While a trust is revocable, rights of the beneficiaries are subject to the control of, and the duties of the trustee are owed exclusively to, the settlor. If a trustee is a settlor, the trustee's actions are presumed to be taken at the direction of the settlor.
(b) If a revocable trust has more than one settlor, the duties of the trustee are owed to all of the settlors.

N.C. Gen. Stat. § 36C-6-603

Amended by 2007 N.C. Sess. Laws 106,s. 24, eff. 10/1/2007.
Added by 2005 N.C. Sess. Laws 192, s. 2, eff. 1/1/2006.