North Carolina General Statutes Chapter 33B. North Carolina Uniform Custodial Trust Act § 33B-22. Limitation on value of custodial trust property
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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.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 33B. North Carolina Uniform Custodial Trust Act § 33B-22. Limitation on value of custodial trust property - last updated January 01, 2020 | https://codes.findlaw.com/nc/chapter-33b-north-carolina-uniform-custodial-trust-act/nc-gen-st-sect-33b-22.html
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