36C-4-419. Effect of inalienable interest on modification or termination.
The court, in exercising its discretion to modify or terminate an irrevocable trust under G.S. 36C-4-411, 36C-4-412, or 36C-4-414 shall consider provisions making the interest of a beneficiary inalienable, including those described in Article 5, but the court is not precluded from the exercise of that discretion solely because of such provisions. (2005-192, s. 2; 2006-259, s. 13(i).)
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.