§ 53-158.10 Definitions
§ 53-159 Trust institution may act as fiduciary
§ 53-159.1 Power of fiduciary or custodian to deposit securities in a clearing corporation
§ 53-160 License to do business
§ 53-161 Examination in connection with license as to solvency
§ 53-163 Clerk of superior court notified of license and revocation
§ 53-163.1 Funds held by a trust institution awaiting investment or distribution
§ 53-163.2 Investments in securities by trust institutions
§ 53-163.3 Fiduciary funds awaiting investment
§ 53-163.5 Establishment of common trust funds
§ 53-163.6 Court accountings
§ 53-163.7 Supervision by State Banking Commission
§ 53-163.8 Uniformity of interpretation
§ 53-163.9 Short title
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Terms Used In North Carolina General Statutes > Chapter 53 > Article 14 - Trust Institutions Acting in a Fiduciary Capacity

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Executor: A male person named in a will to carry out the decedent
  • Fiduciary: A trustee, executor, or administrator.
  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • in writing: may be construed to include printing, engraving, lithographing, and any other mode of representing words and letters: Provided, that in all cases where a written signature is required by law, the same shall be in a proper handwriting, or in a proper mark. See North Carolina General Statutes 12-3
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.