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Current as of January 01, 2023 | Updated by Findlaw Staff
The following definitions apply in this Article:
(1) Legal disability.--A person under a legal disability is a person who is a minor, incompetent, or unborn individual, or whose identity or location is unknown.
(2) Qualified beneficiary.--As defined in G.S. 36C-1-103(15). With respect to a charitable trust defined in G.S. 36C-1-103(4), the term includes (i) a charitable organization described in G.S. 36C-1-110 as having the rights of a qualified beneficiary; or (ii) if there is no such charitable organization, the Attorney General.
(3) Representative.--A person who may represent and bind another as provided in Article 3 of Chapter 36C of the General Statutes, the provisions of which shall apply for purposes of this Article.
(4) Trust.--A trust to which Chapter 36C of the General Statutes applies as provided in G.S. 36C-1-102.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 32. Fiduciaries § 32-53. Definitions - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-32-fiduciaries/nc-gen-st-sect-32-53/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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