North Carolina § 32-11 - Deposit in names of two or more trustees.
Full text of North Carolina North Carolina General Statutes § 32-11 — Deposit in names of two or more trustees., with citation guidance and answers to common questions.
§ 32-11. Deposit in names of two or more trustees.
When a deposit is made in a bank in the name of two or more persons as trustees and a check is drawn upon the trust account by any trustee or trustees authorized by the other trustee or trustees to draw checks upon the trust account, neither the payee nor other holder nor the bank is bound to inquire whether it is a breach of trust to authorize such trustee or trustees to draw checks upon the trust account, and is not liable unless the circumstances be such that the action of the payee or other holder or the bank amounts to bad faith. History (1923, c. 85, s. 10; C.S., s. 1864(n).) Legal Periodicals. - For discussion of section, see 1 N.C.L. Rev. 292 (1923).
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 32-11
What does North Carolina General Statutes § 32-11 cover?
Section 32-11 ("Deposit in names of two or more trustees.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 32-11?
A common citation format is "North Carolina General Statutes § 32-11" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 32-11 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.