§ 36C-8-817 - Distribution upon termination.

NC Gen Stat § 36C-8-817 (2019) (N/A)
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36C-8-817. Distribution upon termination.

Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed expeditiously to distribute the trust property to the persons entitled to it, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses, and taxes.