§ 36C-2-208. Accounting to clerk. - North Carolina Statutes

§ 36C‑2‑208. Accounting to clerk.

(a)        No trustee,including a trustee appointed by the clerk of superior court, is required toaccount to the clerk of superior court unless the trust instrument directs thatthe trustee is required to account to the clerk of superior court or unless thetrustee is otherwise required by law to account to the clerk of superior court.

(b)        If the trustee isrequired to account to the clerk of superior court, the trustee shall not bepermitted to resign as trustee until a final account of the trust estate isfiled with the clerk of superior court and until the court is satisfied thatthe account is true and correct, unless the terms of the trust instrumentprovide otherwise.

(c)        Notwithstandingsubsections (a) and (b) of this section, under a proceeding brought under G.S.36C‑4‑405.1, the clerk of superior court may require a trustee of acharitable trust to account to the clerk of superior court. (1911, c. 39, s. 6; C.S., s.4029; 1977, c. 502, s. 2; 2001‑413, s. 1; 2003‑261, s. 4; 2005‑192,s. 2.)