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North Carolina General Statutes Chapter 33B. North Carolina Uniform Custodial Trust Act § 33B-6. Single beneficiaries; separate custodial trusts

Current as of January 01, 2023 | Updated by FindLaw Staff

(a) Beneficial interests in a custodial trust may not be created for multiple beneficiaries.

(b) All custodial trust property held under this act by the same custodial trustee for the use and benefit of a single beneficiary may be administered as a single custodial trust.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 33B. North Carolina Uniform Custodial Trust Act § 33B-6. Single beneficiaries; separate custodial trusts - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-33b-north-carolina-uniform-custodial-trust-act/nc-gen-st-sect-33b-6.html

Read this complete North Carolina General Statutes Chapter 33B. North Carolina Uniform Custodial Trust Act § 33B-6. Single beneficiaries; separate custodial trusts on Westlaw. Westlaw subscription required.

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