A trustee or other person that reasonably relies on the validity of the exercise of a decanting power under this Article, law of this State other than this Article, or the exercise of a similar power under the law of this State or another jurisdiction shall not be liable to any person for any action or failure to act as a result of the reliance.
N.C. Gen. Stat. § 36C-8B-6
Reasonable reliance
Known as the North Carolina Uniform Trust Decanting Act
The act spans §§ 36C-8B-1 to 36C-8B-9 (30 sections).
2017-121, s. 1.
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.