N.C. Gen. Stat. § 36C-9-904

Current through Session Law 2024-53
Section 36C-9-904 - Duties at inception of trusteeship

Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and with the requirements of this Chapter.

N.C. Gen. Stat. § 36C-9-904

Added by 2005 N.C. Sess. Laws 192, s. 2, eff. 1/1/2006.