North Carolina General Statutes 36C-8B-20. Duration of second trust
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Terms Used In North Carolina General Statutes 36C-8B-20
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
(a) Subject to subsection (b) of this section, a second trust may have a duration that is the same as or different from the duration of the first trust.
(b) To the extent that property of a second trust is attributable to property of the first trust, the property of the second trust is subject to any rules governing maximum perpetuity, accumulation, or suspension of the power of alienation which apply to property of the first trust. (2017-121, s. 1.)