§ 33B-6. Single beneficiaries; separate custodial trusts. - North Carolina Statutes

§ 33B‑6.  Singlebeneficiaries; separate custodial trusts.

(a)        Beneficialinterests in a custodial trust may not be created for multiple beneficiaries.

(b)        All custodial trustproperty held under this act by the same custodial trustee for the use andbenefit of a single beneficiary may be administered as a single custodialtrust. (1995, c. 486, s. 1.)