State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-421

§ 53‑421.  Objection toaffiliate transfer.

If a client, or a personacting on behalf of the client, delivers a written objection to the affiliatetransfer to the transferring trust institution at anytime prior to the date ofthe affiliate transfer, the transferring trust institution shall exclude thataccount from the affiliate transfer unless the objection is withdrawn. Anobjection to an affiliate transfer shall not affect the right of thetransferring trust institution to continue to administer the account or to seekto transfer the account pursuant to the documents and law governing theaccount. (2005‑274,s. 2.)