32-53. Definitions.
The 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. (2004-139, s. 2; 2007-106, s. 38.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 6 - Compensation of Trustees and Other Fiduciaries.
§ 32-54 - Compensation of trustees.
§ 32-56 - Payment of compensation without court order.
§ 32-57 - Judicial review; payment of compensation and other payments with court order.
§ 32-58 - Reimbursement for expenses incurred.
§ 32-59 - Compensation of other fiduciaries.
§ 32-60 - Effect of provisions in instrument.
§ 32-61 - Counsel fees allowable to attorneys serving as fiduciaries.