§ 23-4. Substitute for incompetent trustee appointed in special proceeding. - North Carolina Statutes

§23‑4.  Substitute for incompetent trustee appointed in specialproceeding.

When a trustee named in a deedof assignment for the benefit of creditors has died or resigned or has in anyway become incompetent to execute the trust, the clerk of the superior court ofthe county wherein said deed of assignment has been registered is authorizedand empowered, in a special proceeding in which all persons interested havebeen made parties, to appoint some discreet and competent person to act as suchtrustee and to execute all the trusts created in the original deed ofassignment, according to its true intent and as fully as if originallyappointed trustee therein. (1915, c. 176, s. 1; C.S., s. 1612.)