NORTH CAROLINA GENERAL ASSEMBLY

1975 SESSION

 

 

CHAPTER 161

HOUSE BILL 467

 

 

AN ACT TO AUTHORIZE BEQUESTS AND DEVISES TO EXISTING TESTAMENTARY TRUSTS.

 

The General Assembly of North Carolina enacts:

 

Section 1.  Article 8 of Chapter 31 as the same appears in 1966 Replacement Volume 2A is hereby amended by rewriting the first sentence of G.S. 31-47 to read as follows:

"§ 31-47.  Devise or bequest to trustee of an existing trust. — A devise or bequest in a will duly executed pursuant to the provisions of this Chapter may be made in form or substance to the trustee of any trust, including an existing testamentary trust, if established in writing prior to the execution of such will."

Sec. 2.  This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 23rd day of April, 1975.