33B-22. Limitation on value of custodial trust property.
Transfers or declarations of property to the corpus of a custodial trust under this act shall not exceed in the aggregate one hundred thousand dollars ($100,000) in value, exclusive of the value of the transferor's or declarant's personal residence. This limitation shall not apply to any appreciation in the value of the corpus held in the custodial trust. A good faith violation of this section shall not invalidate a custodial trust. (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.