North Carolina § 36C-5-508 - Protective trusts.
Full text of North Carolina North Carolina General Statutes § 36C-5-508 — Protective trusts., with citation guidance and answers to common questions.
§ 36C-5-508. Protective trusts.
Except with respect to an interest retained by the settlor, a "protective trust interest" means an interest in a trust in which the terms of the trust provide that the interest terminates or becomes discretionary if: The beneficiary alienates or attempts to alienate that interest; or Any creditor attempts to reach the beneficiary's interest by attachment, levy, or otherwise; or The beneficiary becomes insolvent or bankrupt. History (2005-192, s. 2.) NORTH CAROLINA COMMENT This section brings forward with minor modifications the provisions of former G.S. 36A-115(3) with respect to a protective trust in which the beneficiary's interest is not alienable either voluntarily or involuntarily. Legal Periodicals. - For article, "Allowing Perpetuities in North Carolina," see 31 Campbell L. Rev. 399 (2009).
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 36C-5-508
What does North Carolina General Statutes § 36C-5-508 cover?
Section 36C-5-508 ("Protective 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 § 36C-5-508?
A common citation format is "North Carolina General Statutes § 36C-5-508" (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 § 36C-5-508 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.