N.C. Gen. Stat. § 45-21.15
Trustee's fees
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) When a sale has been held, the trustee is entitled to such compensation, if any, as is stipulated in the instrument.
(1) When a sale has been held, the trustee is entitled to such compensation, if any, as is stipulated in the instrument.
(2) When no sale has actually been held, compensation for a trustee's services is determined as follows: If no compensation for the trustee's services in holding a sale is provided for in the instrument, the trustee is not entitled to any compensation;
(2) When no sale has actually been held, compensation for a trustee’s services is determined as follows: If no compensation for the trustee’s services in holding a sale is provided for in the instrument, the trustee is not entitled to any compensation;
(3) If compensation is specifically provided for the trustee's services when no sale is actually held, the trustee is entitled to such compensation;
(3) If compensation is specifically provided for the trustee’s services when no sale is actually held, the trustee is entitled to such compensation;
(4) If the instrument provides for compensation for the trustee's services in actually holding a sale, but does not provide compensation for the trustee's services when no sale is actually held, the trustee is entitled to compensation as follows: (i) one-fourth of the completed sale compensation before the trustee files the notice of hearing; (ii) one-half after the filing of the notice of hearing; and (iii) three-fourths after the hearing.
(4) If the instrument provides for compensation for the trustee’s services in actually holding a sale, but does not provide compensation for the trustee’s services when no sale is actually held, the trustee is entitled to compensation as follows: (i) one-fourth of the completed sale compensation before the trustee files the notice of hearing; (ii) one-half after the filing of the notice of hearing; and (iii) three-fourths after the hearing.
(5) Repealed by Session Laws 1993, c. 305, s. 7.
(5) Repealed by Session Laws 1993, c. 305, s. 7.
History
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.