North Carolina § 32-75 - Employee trusts.
Full text of North Carolina North Carolina General Statutes § 32-75 — Employee trusts., with citation guidance and answers to common questions.
§ 32-75. Employee trusts.
Pension, profit sharing, stock bonus, annuity, or other employee trusts established for the purpose of distributing the income and principal thereof to some or all of their employees, or the beneficiaries of such employees, shall not be invalid as violating any laws or rules against perpetuities, restraints on the power of alienation of title to property, or the accumulation of income; but such trusts may continue for such period of time as may be required by the provisions thereof to accomplish the purpose for which they were established. History (1954, c. 8; 1977, c. 502, s. 2; 2005-192, s. 1.) Editor's Note. - This section was formerly codified as G.S. 36A-6. It was recodified as G.S. 32-75 by the Revisor of Statutes as the result of Session Laws 2005-192, s. 1, effective January 1, 2006. Legal Periodicals. - For article, "The Rule Against Perpetuities in North Carolina," see 57 N.C.L. Rev. 727 (1979). For article, "A Proposal for a Simple and Socially Effective Rule Against Perpetuities," see 66 N.C.L. Rev. 545 (1988).
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 32-75
What does North Carolina General Statutes § 32-75 cover?
Section 32-75 ("Employee trusts.") 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 § 32-75?
A common citation format is "North Carolina General Statutes § 32-75" (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 § 32-75 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.