§ 33B-19. Applicable law. - North Carolina Statutes

§33B‑19.  Applicable law.

(a)        This act applies toa transfer or declaration creating a custodial trust that refers to this actif, at the time of the transfer or declaration, the transferor, beneficiary, orcustodial trustee is a resident of or has its principal place of business inthis State or the custodial trust property is located in this State. Thecustodial trust remains subject to this act despite a later change in residenceor principal place of business of the transferor, beneficiary, or custodialtrustee, or removal of the custodial trust property from this State.

(b)        A transfer madepursuant to an act of another state substantially similar to this act isgoverned by the law of that state and may be enforced in this State. (1995,c. 486, s. 1.)