Notwithstanding any provisions in the laws of this State or in the governing instruments to the contrary, any charitable remainder annuity trust and any charitable remainder unitrust that cannot qualify for a deduction for federal tax purposes under section 2055 or section 2522 of the Internal Revenue Code in the absence of this Article shall be administered in accordance with this Article.
N.C. Gen. Stat. § 36C-4B-2
General rule
Known as the Charitable Remainder Administration Trust Act
The act spans §§ 36C-4B-1–36C-4B-7 (7 sections).
1981 (Reg
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.