State Codes and Statutes
Statutes > North-carolina > Chapter_36C > GS_36C-1-110§ 36C‑1‑110. Others treated as qualified beneficiaries.
(a) A charitableorganization expressly designated to receive distributions under the terms of acharitable trust has the rights of a qualified beneficiary under this Chapterif the charitable organization, on the date the charitable organization'squalification is being determined:
(1) Is a distributee orpermissible distributee of trust income or principal;
(2) Would be adistributee or permissible distributee of trust income or principal upon the terminationof the interest of other distributees or permissible distributees thenreceiving or eligible to receive distributions, but the termination of thoseinterests would not cause the trust to terminate; or
(3) Would be adistributee or permissible distributee of trust income or principal if thetrust terminated on that date.
(b) A person appointedto enforce a trust created for the care of an animal or another noncharitablepurpose as provided in G.S. 36C‑4‑408 or G.S. 36C‑4‑409has the rights of a qualified beneficiary under this Chapter. (2005‑192, s. 2.)
