North Carolina § 36C-8B-16 - Change in compensation.
Full text of North Carolina North Carolina General Statutes § 36C-8B-16 — Change in compensation., with citation guidance and answers to common questions.
§ 36C-8B-16. Change in compensation.
If a first trust specifies an authorized fiduciary's compensation, the fiduciary shall not exercise the decanting power to increase the fiduciary's compensation above the specified compensation unless either of the following conditions is satisfied: All qualified beneficiaries of the second trust consent to the increase in a signed written instrument. The increase is approved by the clerk of superior court pursuant to G.S. 36C-2-203(a)(3). For the purposes of this section, a change in an authorized fiduciary's compensation which is incidental to other changes made by the exercise of the decanting power shall not be deemed an increase in the fiduciary's compensation. History (2017-121, s. 1.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 36C-8B-16
What does North Carolina General Statutes § 36C-8B-16 cover?
Section 36C-8B-16 ("Change in compensation.") 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-8B-16?
A common citation format is "North Carolina General Statutes § 36C-8B-16" (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-8B-16 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.