N.C. Gen. Stat. § 36A-147
effective October 1, 1995 until January 1, 2006
§ 36A-147. Trusts for pets
(a) Subject to the provisions of this section, a trust for the care of
one or more designated domestic or pet animals alive at the time of
creation of the trust is valid.
(b) Except as expressly provided otherwise in the trust instrument, no
portion of the principal or income may be converted to the use of the
trustee or to any use other than for the benefit of the designated
animal or animals.
(c) The trust terminates at the death of the animal or last surviving
animal. Upon termination, the trustee shall transfer the unexpended
trust property in the following order:
(1) As directed in the trust instrument;
(2) If the trust was created in a preresiduary clause in the
transferor's will or in a codicil to the transferor's will, under the
residuary clause in the transferor's will;
(3) If no taker is produced by the application of subdivision
(1) or (2) of this subsection, to the transferor or the transferor's
heirs determined as of the date of the transferor's death under Chapter
29 of the General Statutes.
(d) The intended use of the principal or income can be enforced by an
individual designated for that purpose in the trust instrument or, if
none, by an individual appointed by the clerk of superior court having
jurisdiction over the decedent's estate upon application to the clerk by
an individual.
(e) Except as ordered by the clerk or required by the trust instrument,
no filing, report, registration, periodic accounting, separate
maintenance of funds, appointment, bond, or fee is required by reason of
the existence of the fiduciary relationship of the trustee.
(f) A governing instrument shall be liberally construed to bring the
transfer within this section, to presume against the merely precatory or
honorary nature of the disposition, and to carry out the general intent
of the transferor. Extrinsic evidence shall be admissible in determining
the transferor's intent.
(g) The clerk may reduce the amount of the property transferred, if the
clerk determines that the amount substantially exceeds the amount
required for the intended use. The amount of the reduction, if any,
passes as unexpended trust property under subsection (c) of this
section.
(h) If no trustee is designated or if no designated trustee agrees to
serve or is able to serve, the clerk shall name a trustee. The clerk may
order the transfer of the property to another trustee, if required to
assure that the intended use is carried out and if no successor trustee
is designated in the trust instrument or if no designated successor
trustee agrees to serve or is able to serve. The clerk may also make
such other orders and determinations as shall be advisable to carry out
the intent of the transferor and the purpose of this section.
N.C. Gen. Stat. § 36C-4-408
effective January 1, 2006
§ 36C-4-408. Trust for care of animal
(a) Subject to this section, a trust for the care of one or more
designated domestic or pet animals alive at the time of creation of the
trust is valid.
(b) Except as expressly provided otherwise in the trust instrument, no
portion of the principal or income may be converted to the use of the
trustee or to any use other than for the benefit of the designated
animal or animals.
(c) The trust terminates at the death of the animal or last surviving
animal. Upon termination, the trustee shall transfer the unexpended
trust property in the following order:
(1) As directed in the trust instrument;
(2) If the trust was created in a preresiduary clause in the
transferor's will or in a codicil to the transferor's will, under the
residuary clause in the transferor's will;
(3) If no taker is produced by the application of subdivision
(1) or (2) of this subsection, to the transferor or the transferor's
heirs determined as of the date of the transferor's death under Chapter
29 of the General Statutes.
(d) The intended use of the principal or income can be enforced by a
person designated for that purpose in the trust instrument or, if none,
by a person appointed by the clerk of superior court having jurisdiction
over the decedent's estate upon application to the clerk of superior
court by a person.
(e) Except as ordered by the clerk of superior court or required by the
trust instrument, no filing, report, registration, periodic accounting,
separate maintenance of funds, appointment, bond, or fee is required by
reason of the existence of the fiduciary relationship of the trustee.
(f) A governing instrument shall be liberally construed to bring the
transfer within this section, to presume against the merely precatory or
honorary nature of the disposition, and to carry out the general intent
of the transferor. Extrinsic evidence is admissible in determining the
transferor's intent.
(g) The clerk of superior court may reduce the amount of the property
transferred, if the clerk of superior court determines that the amount
substantially exceeds the amount required for the intended use. The
amount of the reduction, if any, passes as unexpended trust property
under subsection (c) of this section.
(h) If no trustee is designated or if no designated trustee agrees to
serve or is able to serve, the clerk of superior court must name a
trustee. The clerk of superior court may order the transfer of the
property to another trustee, if required to assure that the intended use
is carried out and if no successor trustee is designated in the trust
instrument or if no designated successor trustee agrees to serve or is
able to serve. The clerk of superior court may also make other orders
and determinations as are advisable to carry out the intent of the
transferor and the purpose of this section.