36C-4-415. Reformation to correct mistakes.
The court may reform the terms of a trust, if the terms of the trust are ambiguous, to conform the terms to the settlor's intent if it is proved by clear and convincing evidence what the settlor's intent was and that the terms of the trust were affected by a mistake of fact or law, whether in expression or inducement. (2005-192, s. 2; 2017-152, s. 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 36C - North Carolina Uniform Trust Code
Article 4 - Creation, Validity, Modification, and Termination of Trust.
§ 36C-4-401 - Methods of creating trust.
§ 36C-4-401.2 - Creation of trust by a court.
§ 36C-4-402 - Requirements for creation.
§ 36C-4-403 - Trusts created in other jurisdictions.
§ 36C-4-405 - Charitable purposes.
§ 36C-4-405.1 - Enforcement of charitable gift or trust.
§ 36C-4-405.2 - Spending rules applicable to charitable trusts.
§ 36C-4-406 - Creation of trust induced by fraud, duress, or undue influence.
§ 36C-4-407 - Evidence of oral trust.
§ 36C-4-408 - Trust for care of animal.
§ 36C-4-409 - Noncharitable trust without ascertainable beneficiary.
§ 36C-4-410 - Modification or termination of trust; proceedings for approval or disapproval.
§ 36C-4-411 - Modification or termination of noncharitable irrevocable trust by consent.
§ 36C-4-414 - Modification or termination of uneconomic trust.
§ 36C-4-415 - Reformation to correct mistakes.
§ 36C-4-416 - Modification to achieve settlor's tax objectives.
§ 36C-4-417 - Combination and division of trusts.
§ 36C-4-418 - Distribution upon termination of trust.
§ 36C-4-419 - Effect of inalienable interest on modification or termination.