33B-19. Applicable law.
(a) This act applies to a transfer or declaration creating a custodial trust that refers to this act if, at the time of the transfer or declaration, the transferor, beneficiary, or custodial trustee is a resident of or has its principal place of business in this State or the custodial trust property is located in this State. The custodial trust remains subject to this act despite a later change in residence or principal place of business of the transferor, beneficiary, or custodial trustee, or removal of the custodial trust property from this State.
(b) A transfer made pursuant to an act of another state substantially similar to this act is governed by the law of that state and may be enforced in this State. (1995, c. 486, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 33B - North Carolina Uniform Custodial Trust Act
§ 33B-2 - Custodial trust; general.
§ 33B-3 - Custodial trust to begin in the future.
§ 33B-4 - Form and effect of receipt and acceptance by custodial trustee; jurisdiction.
§ 33B-5 - Transfer to custodial trustee by fiduciary or obligor; facility of payment.
§ 33B-6 - Single beneficiaries; separate custodial trusts.
§ 33B-7 - General duties of custodial trustee.
§ 33B-8 - General powers of custodial trustee.
§ 33B-9 - Use of custodial trust property.
§ 33B-10 - Determination of incapacity; effect.
§ 33B-11 - Third-party transactions.
§ 33B-12 - Liability to the third person.
§ 33B-14 - Expenses, compensation, and bond of custodial trustee.
§ 33B-16 - Limitations of action against custodial trustee.
§ 33B-17 - Distribution on termination.
§ 33B-18 - Methods and forms of creating custodial trusts.