N.C. Gen. Stat. § 36C-8-817
Current through Session Law 2024-56
Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed expeditiously to distribute the trust property to the persons entitled to it, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses, and taxes.
N.C. Gen. Stat. § 36C-8-817