36C-8A-10. Resignation of power holder.
(a) A power holder may resign upon either of the following conditions:
(1) Upon at least 30 days' notice in writing to the qualified beneficiaries, the settlor, if living, and all trustees.
(2) With the approval of the court.
(b) In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property. (2012-18, s. 3.4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 36C - North Carolina Uniform Trust Code
§ 36C-8A-1 - "Power holder" defined.
§ 36C-8A-2 - Powers of a power holder.
§ 36C-8A-3 - Duty and liability of power holder.
§ 36C-8A-4 - Duty and liability of trustee.
§ 36C-8A-4.1 - Limitations of actions against power holder for breach of trust.
§ 36C-8A-4.2 - Defenses in action against power holder.
§ 36C-8A-5 - Compensation and reimbursement of expenses of power holder.
§ 36C-8A-6 - Jurisdiction over power holder.
§ 36C-8A-7 - Accepting or declining the appointment as power holder.
§ 36C-8A-8 - Vacancy in the office of the power holder.
§ 36C-8A-9 - More than one power holder.
§ 36C-8A-10 - Resignation of power holder.