State Codes and Statutes
Statutes > North-carolina > Chapter_32 > GS_32-53Article 6.
Compensation of Trusteesand Other Fiduciaries.
§ 32‑53. Definitions.
The following definitionsapply in this Article:
(1) Legal disability. Aperson under a legal disability is a person who is a minor, incompetent, orunborn individual, or whose identity or location is unknown.
(2) Qualifiedbeneficiary. As defined in G.S. 36C‑1‑103(15). With respect to acharitable trust defined in G.S. 36C‑1‑103(4), the term includes(i) a charitable organization described in G.S. 36C‑1‑110 as havingthe rights of a qualified beneficiary; or (ii) if there is no such charitableorganization, the Attorney General.
(3) Representative. Aperson who may represent and bind another as provided in Article 3 of Chapter36C of the General Statutes, the provisions of which shall apply for purposesof this Article.
(4) Trust. A trust towhich Chapter 36C of the General Statutes applies as provided in G.S. 36C‑1‑102.(2004‑139,s. 2; 2007‑106, s. 38.)
