32-57. Judicial review; payment of compensation and other payments with court order.
(a) If the terms of the trust do not specify the trustee's compensation, the trustee or any qualified beneficiary, or representative of a qualified beneficiary, may initiate a proceeding under Article 2 of Chapter 36C of the General Statutes for review of the reasonableness of any compensation or expense reimbursement and for the approval or denial of the payment of compensation or expense reimbursement. A beneficiary may initiate a proceeding even though the 20-day period referred to in G.S. 32-56(2) has expired.
(b) In connection with reviewing the reasonableness of any compensation or expense reimbursement, the clerk of superior court may order the trustee to make appropriate refunds if the clerk determines upon review that a trustee has received excessive compensation or expense reimbursement. (2004-139, s. 2; 2006-259, s. 13(n); 2007-106, s. 41.)
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.