State Codes and Statutes
Statutes > North-carolina > Chapter_36D > GS_36D-6§ 36D‑6. Gifts, surplustrust funds.
The community trust may acceptgifts and use surplus trust funds for the purpose of qualifying as beneficiaryany indigent person whose family members lack the resources to make a fullcontribution on that person's behalf. The extent and character of the servicesand selection of beneficiaries are at the discretion of the community trust.The community trust may not use surplus trust funds to make any charitablecontribution on behalf of any beneficiary or any group or class ofbeneficiaries. The community trust may accept gifts to meet start‑upcosts, reduce the charges to the trust for the cost of administration, and forany other purpose that is consistent with this Article. Gifts made to the trustfor an unspecified purpose shall be used by the community trust either toqualify indigent persons whose families lack the means to qualify them asbeneficiaries of the trust or to meet any start‑up costs that the trustincurs. (1991(Reg. Sess., 1992), c. 768, s. 1; 2005‑192, s. 3.)
