State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_32 > GS_32-57

§ 32‑57.  Judicialreview; payment of compensation and other payments with court order.

(a)        If the terms of thetrust do not specify the trustee's compensation, the trustee or any qualifiedbeneficiary, or representative of a qualified beneficiary, may initiate aproceeding under Article 2 of Chapter 36C of the General Statutes for review ofthe reasonableness of any compensation or expense reimbursement and for theapproval or denial of the payment of compensation or expense reimbursement. Abeneficiary may initiate a proceeding even though the 20‑day periodreferred to in G.S. 32‑56(2) has expired.

(b)        In connection withreviewing the reasonableness of any compensation or expense reimbursement, theclerk of superior court may order the trustee to make appropriate refunds ifthe clerk determines upon review that a trustee has received excessivecompensation or expense reimbursement. (2004‑139, s. 2; 2006‑259, s. 13(n); 2007‑106,s. 41.)