North Carolina Statutes
§ 33B-6 — Single beneficiaries; separate custodial trusts
North Carolina·Ch. 33B North Carolina Uniform Custodial Trust Act
(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. (1995, c. 486, s. 1.)
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Nearby Sections
15
§ 33B-1
Definitions§ 33B-11
Third-party transactions§ 33B-12
Liability to the third person§ 33B-15
Reporting and accounting by custodial trustee; determination of liability of custodial trustee§ 33B-17
Distribution on termination§ 33B-19
Applicable law§ 33B-2
Custodial trust; general§ 33B-21
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