North Carolina General Statutes 36C-7-708. Compensation of trustee
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Terms Used In North Carolina General Statutes 36C-7-708
- Trustee: A person or institution holding and administering property in trust.
(a) If the terms of a trust do not specify the trustee‘s compensation, a trustee is entitled to compensation determined in accordance with Article 6 of Chapter 32 of the N.C. Gen. Stat..
(b) If the terms of a trust specify the trustee’s compensation, the trustee is entitled to be compensated as specified. (2005-192, s. 2.)