North Carolina § 32-56 - Payment of compensation without court order.
Full text of North Carolina North Carolina General Statutes § 32-56 — Payment of compensation without court order., with citation guidance and answers to common questions.
§ 32-56. Payment of compensation without court order.
The trustee is authorized to pay the compensation provided for in G.S. 32-54 without prior approval of the clerk of superior court only if: The annual amount of compensation does not exceed four-tenths of one percent (4/10 of 1%) of the principal value of the assets of the trust on the last day of the trust accounting year; or Notice has been given pursuant to G.S. 32-55 and no qualified beneficiary or representative of a qualified beneficiary has initiated a proceeding under G.S. 32-57 for review of the reasonableness of the compensation within 20 days after notice has been given by the trustee in accordance with G.S. 32-55. History (2004-139, s. 2; 2007-106, s. 40.) Editor's Note. - As enacted, this section contained a subsection (a) but no (b). This section has been set out in the form above at the direction of the Revisor of Statutes. Effect of Amendments. - Session Laws 2007-106, s. 40, effective October 1, 2007, substituted "Notice has been given pursuant to G.S. 32-55 and no qualified beneficiary or representative of a qualified beneficiary" for "No beneficiary" at the beginning of subdivision (2). See Editor's note for applicability.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 32-56
What does North Carolina General Statutes § 32-56 cover?
Section 32-56 ("Payment of compensation without court order.") 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 § 32-56?
A common citation format is "North Carolina General Statutes § 32-56" (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 § 32-56 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.