Any trust institution licensed by the Commissioner of Banks, where such powers or privileges are granted it in its charter, may be guardian, trustee, assignee, receiver, executor or administrator or act in another fiduciary capacity in this State without giving any bond; and the clerks of the superior courts, or other officers charged with the duty or clothed with the power of making such appointments, are authorized to appoint such trust institution to any such office.
N.C. Gen. Stat. § 53-159
Trust institution may act as fiduciary
Known as the Uniform Common Trust Fund Act
The act spans §§ 53–53 (14 sections).
1945, c. 743, s. 1; 2001-263, s. 3; 2011-339, s. 7.
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.