North Carolina Statutes
§ 32-53 — Definitions
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 Statut
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Nearby Sections
15
§ 32-1
Short title§ 32-13
Uniformity of interpretation§ 32-2
Definition of terms§ 32-25
Definition§ 32-26
Incorporation by reference of powers enumerated in § 32-27; restriction on exercise of such powers§ 32-53
Definitions§ 32-54
Compensation of trustees§ 32-55
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