North Carolina General Statutes 36C-8B-21. Need to distribute not required
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Terms Used In North Carolina General Statutes 36C-8B-21
- Fiduciary: A trustee, executor, or administrator.
An authorized fiduciary may exercise the decanting power whether or not under the first trust’s discretionary distribution standard the fiduciary would have made or could have been compelled to make a discretionary distribution of principal at the time of exercise. (2017-121, s. 1.)