North Carolina General Statutes 36C-8-803. Impartiality
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Terms Used In North Carolina General Statutes 36C-8-803
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
- Trustee: A person or institution holding and administering property in trust.
If a trust has two or more beneficiaries, the trustee shall act impartially in investing, managing, and distributing the trust property, giving due regard to the beneficiaries’ respective interests. (1999-215, s. 1; 2005-192, s. 2.)