North Carolina StatutesChapter 37 - Allocation of Principal and Income.ยงยง 37-1 through 37-15. Repealed by Session Laws 1973, c. 729, s. 3.ยงยง 37-16 through 37-40: Repealed by Session Laws 2003-232, s. 1, effective January 1, 2004, and applicable to every trust or decedent's estate existing on that date or coming into existence after