North Carolina § 33B-14 Expenses, compensation, and bond of custodial trustee

North Carolina Statutes

§ 33B-14 — Expenses, compensation, and bond of custodial trustee

North Carolina § 33B-14

Ch. 33BNorth Carolina Uniform Custodial Trust Act

This text of North Carolina § 33B-14 (Expenses, compensation, and bond of custodial trustee) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 33B-14 (2026).

Text

Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:

(1)Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;

(2)May charge, no later than six months after the end of each calendar year, a reasonable compensation for fiduciary services performed during that year; and

(3)Need not furnish a bond or other security for the faithful performance of fiduciary duties. (1995, c. 486, s. 1.)

Free access — add to your briefcase to read the full text and ask questions with AI

Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:
(1) Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;
(2) May charge, no later than six months after the end of each calendar year, a reasonable compensation for fiduciary services performed during that year; and
(3) Need not furnish a bond or other security for the faithful performance of fiduciary duties. (1995, c. 486, s. 1.)