36C-8-817. Distribution upon termination.
Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed expeditiously to distribute the trust property to the persons entitled to it, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses, and taxes. (2005-192, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 36C - North Carolina Uniform Trust Code
Article 8 - Duties and Powers of Trustee.
§ 36C-8-801 - Duty to administer trust.
§ 36C-8-802 - Duty of loyalty.
§ 36C-8-804 - Prudent administration.
§ 36C-8-805 - Cost of administration.
§ 36C-8-806 - Trustee's skills.
§ 36C-8-807 - Delegation by trustee.
§ 36C-8-808 - Powers of a settlor to take certain actions with respect to the trust.
§ 36C-8-809 - Control and protection of trust property.
§ 36C-8-810 - Record keeping and identification of trust property.
§ 36C-8-811 - Enforcement and defense of claims.
§ 36C-8-812 - Collecting trust property.
§ 36C-8-813 - Duty to inform and report.
§ 36C-8-814 - Discretionary powers; tax savings.
§ 36C-8-815 - General powers of trustee.
§ 36C-8-816 - Specific powers of trustee.