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NC H707
Bill
Status
6/11/2012
Primary Sponsor
Johnathan Rhyne
Click for details
AI Summary
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Eliminates obsolete register of deeds provisions related to jury lists, timber marks, farm names, condominium indexing, and other outdated recordation requirements effective July 1, 2012.
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Modifies local agency charges for vital records searches to allow local agencies to retain $10.00 per certified copy issued while forwarding $14.00 to the State Registrar, with discretion to waive the $10.00 fee for persons over 62 years old.
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Clarifies uniform trust code provisions governing powers of settlors, trustees, cotrustees, and other fiduciaries by establishing duties, liabilities, and immunity standards for directed trustees and power holders.
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Creates new Article 8A to Chapter 36C establishing comprehensive rules for "power holders" (non-trustee persons with authority to direct trust actions), including fiduciary duties, removal procedures, and trustee liability protections.
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Makes technical corrections to decedent's estate and trust administration laws, including changes to creditor classification, personal representative powers, final account procedures, and spousal allowance calculations.
Legislative Description
Register of Deeds/Directed Trustees/Estates
Last Action
Ch. SL 2012-18
6/11/2012