North Carolina Statutes
§ 32-57 — Judicial review; payment of compensation and other payments with court order
(a)If the terms of the trust do not specify the trustee's compensation, the trustee or any qualified beneficiary, or representative of a qualified beneficiary, may initiate a proceeding under Article 2 of Chapter 36C of the General Statutes for review of the reasonableness of any compensation or expense reimbursement and for the approval or denial of the payment of compensation or expense reimbursement. A beneficiary may initiate a proceeding even though the 20-day period referred to in G.S. 32-56(2) has expired.
(b)In connection with reviewing the reasonableness of any compensation or expense reimbursement, the clerk of superior court may order the trustee to make appropriate refunds if the clerk determines upon review that a trustee has received excessive compensation or expense reimbu
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North Carolina § 32-57 (Judicial review; payment of compensation and other payments with court order) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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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