State Codes and Statutes
Statutes > North-carolina > Chapter_36C > GS_36C-8-810§ 36C‑8‑810. Record keeping and identification of trust property.
(a) A trustee shallkeep adequate records of the administration of the trust.
(b) A trustee shallkeep trust property separate from the trustee's own property.
(c) Except as otherwiseprovided in subsection (d) of this section, a trustee shall cause the trustproperty to be designated so that the interest of the trust, to the extentfeasible, appears in records maintained by a party other than a trustee orbeneficiary.
(d) If the trustee maintainsrecords clearly indicating the respective interests, a trustee may invest andadminister as a whole the property of two or more separate trusts. (2005‑192, s. 2; 2007‑106,s. 34.1.)
