§ 33B-22. Limitation on value of custodial trust property. - North Carolina Statutes

§33B‑22.  Limitation on value of custodial trust property.

Transfers or declarations ofproperty to the corpus of a custodial trust under this act shall not exceed inthe aggregate one hundred thousand dollars ($100,000) in value, exclusive ofthe value of the transferor's or declarant's personal residence. Thislimitation shall not apply to any appreciation in the value of the corpus heldin the custodial trust. A good faith violation of this section shall notinvalidate a custodial trust. (1995, c. 486, s. 1.)