§ 36D-5. Accountability. - North Carolina Statutes

§ 36D‑5. Accountability.

Along with the annual reportfiled with the Secretary of State under Chapter 55A of the General Statutes,the community trust shall file an itemized statement that shows the fundscollected for the year, income earned, salaries, other expenses incurred, andthe opening and final trust balances. A copy of this statement shall be madeavailable, upon request, to any beneficiary, trustor, or designee of thetrustor. In addition, once annually, each trustor or the trustor's designee shallreceive a detailed individual statement of the services provided to thetrustor's beneficiary during the previous 12 months and the services to beprovided during the following 12 months. The community trust shall make a copyof the individual statement available to any beneficiary, upon request. (1991 (Reg. Sess., 1992), c.768, s. 1; 2005‑192, s. 3.)