State Codes and Statutes

Statutes > North-carolina > Chapter_36D > GS_36D-8

§ 36D‑8. Irrevocability; impossibility of fulfillment.

A community trust for personswith severe chronic disabilities is irrevocable, but the trustees in their solediscretion may provide compensation for any contribution to the trust to anytrustor who, upon good cause, withdraws a beneficiary designated by the trustorfrom the trust, or if it becomes impossible to fulfill the conditions of thetrust with regard to an individual beneficiary for reasons other than the deathof the beneficiary. (1991 (Reg. Sess., 1992), c. 768, s. 1; 2005‑192, s. 3.)

State Codes and Statutes

Statutes > North-carolina > Chapter_36D > GS_36D-8

§ 36D‑8. Irrevocability; impossibility of fulfillment.

A community trust for personswith severe chronic disabilities is irrevocable, but the trustees in their solediscretion may provide compensation for any contribution to the trust to anytrustor who, upon good cause, withdraws a beneficiary designated by the trustorfrom the trust, or if it becomes impossible to fulfill the conditions of thetrust with regard to an individual beneficiary for reasons other than the deathof the beneficiary. (1991 (Reg. Sess., 1992), c. 768, s. 1; 2005‑192, s. 3.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_36D > GS_36D-8

§ 36D‑8. Irrevocability; impossibility of fulfillment.

A community trust for personswith severe chronic disabilities is irrevocable, but the trustees in their solediscretion may provide compensation for any contribution to the trust to anytrustor who, upon good cause, withdraws a beneficiary designated by the trustorfrom the trust, or if it becomes impossible to fulfill the conditions of thetrust with regard to an individual beneficiary for reasons other than the deathof the beneficiary. (1991 (Reg. Sess., 1992), c. 768, s. 1; 2005‑192, s. 3.)