41-3. Survivorship among trustees.
In all cases where only a naked trust not coupled with a beneficial interest has been created or exists, or shall be created, and the conveyance is to two or more trustees, the right to perform the trust and make estates under the same shall be exercised by any one of such trustees, in the event of the death of his cotrustee or cotrustees or the refusal or inability of the cotrustee or cotrustees to perform the trust; and in cases of trusts herein named the trustees shall hold as joint tenants, and in all respects as joint tenants held before the year 1784. (1885, c. 327, s. 1; Rev., s. 1580; C.S., s. 1736.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 1 - Survivorship Rights and Future Interests.
§ 41-1 - Fee tail converted into fee simple.
§ 41-2.1 - Right of survivorship in bank deposits created by written agreement.
§ 41-2.2 - Joint ownership of securities.
§ 41-2.5 - Recodified as G.S41-56(d) by Session Laws 2020-50, s1(b), effective June 30, 2020.
§ 41-3 - Survivorship among trustees.
§ 41-4 - Limitations on failure of issue.
§ 41-5 - Unborn infant may take by deed or writing.
§ 41-6 - "Heirs" construed to be "children" in certain limitations.
§ 41-6.1 - Meaning of "next of kin."
§ 41-6.2 - Doctrine of worthier title abolished.
§ 41-6.3 - Rule in Shelley's case abolished.
§ 41-6.4 - Rule in Dumpor's Case abolished.
§ 41-6.5 - Common-law rule against perpetuities abolished.
§ 41-7 - Possession transferred to use in certain conveyances.
§ 41-8 - Collateral warranties abolished; warranties by life tenants deemed covenants.
§ 41-10.1 - Trying title to land where State claims interest.
§ 41-11 - Sale, lease or mortgage in case of remainders.
§ 41-11.2 - Sale of standing timber; life estate.
§ 41-12 - Sales or mortgages of contingent remainders validated.
§ 41-13 - Freeholders in petition for special taxes defined.