36C-4B-2. General rule.
Notwithstanding any provisions in the laws of this State or in the governing instruments to the contrary, any charitable remainder annuity trust and any charitable remainder unitrust that cannot qualify for a deduction for federal tax purposes under section 2055 or section 2522 of the Internal Revenue Code in the absence of this Article shall be administered in accordance with this Article. (1981 (Reg. Sess., 1982), c. 1252, s. 1; 2005-192, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 36C - North Carolina Uniform Trust Code
Article 4B - Charitable Remainder Trust Administration Act.
§ 36C-4B-5 - Administrative provisions applicable to charitable remainder trusts only.
§ 36C-4B-6 - Administrative provisions applicable to charitable remainder unitrusts only.