36C-8A-12. Power holder's bond.
(a) A bond shall be required for the performance of the power holder's duty only if the terms of a trust require the power holder to provide a bond.
(b) If no bond is required, the provisions of G.S. 36C-7-702(a)(3) and (4) applicable to a trustee apply to the power holder, but in no event shall a bond be required of a power holder if the terms of a trust require otherwise.
(c) If a bond is required, the provisions of G.S. 36C-7-702(b) and (c) applicable to a trustee apply to the power holder. (2021-85, s. 2(c).)
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.