reglab/housing_qa huggingface dataset:
NC Gen Stat § 33B-16 (2021)
2021 North Carolina General Statutes|Chapter 33B - North Carolina Uniform Custodial Trust Act|§ 33B-16 - Limitations of action against custodial trustee.

 33B-16. Limitations of action against custodial trustee.(a) Except as provided in subsections (b) and (c) of this section, a claim for relief against a custodial trustee for accounting or breach of duty is barred as to a beneficiary, a person to whom custodial trust property is to be paid or delivered, or the legal representative of an incapacitated or deceased beneficiary or payee:(1) Who has received a final account or statement fully disclosing the matter unless an action or proceeding to assert the claim is commenced within two years after receipt of the final account or statement; or(2) Who has not received a final account or statement fully disclosing the matter unless an action or proceeding to assert the claim is commenced within three years after the termination of the custodial trust.(b) Except as provided in subsection (c) of this section, a claim for relief to recover from a custodial trustee for fraud, misrepresentation, or concealment is barred unless an action or proceeding to assert the claim is commenced within five years after the termination of the custodial trust.(c) A claim for relief is not barred by this section if the claimant:(1) Is a minor, until the earlier of two years after the claimant becomes an adult or dies;(2) Is an incapacitated adult, until the earliest of two years after (i) the appointment of a guardian of the estate, (ii) the removal of the incapacity, or (iii) the death of the claimant; or(3) Was an adult, now deceased, who was not incapacitated, until two years after the claimant's death if the claim was not barred by adjudication, consent, or limitation prior to the claimant's death. (1995, c. 486, s. 1.)
NC Gen Stat § 33B-17 (2021)
2021 North Carolina General Statutes|Chapter 33B - North Carolina Uniform Custodial Trust Act|§ 33B-17 - Distribution on termination.

 33B-17. Distribution on termination.(a) Upon termination of a custodial trust, the custodial trustee shall transfer the unexpended custodial trust property:(1) To the beneficiary, if not incapacitated or deceased;(2) To the guardian of the estate or other recipient designated by the court for an incapacitated beneficiary; or(3) Upon the beneficiary's death, in the following order:a. As last directed in a writing signed by the deceased beneficiary while not incapacitated and received by the custodial trustee during the life of the deceased beneficiary;b. As designated in the instrument creating the custodial trust; orc. To the estate of the deceased beneficiary.(b) If, when the custodial trust would otherwise terminate, the distributee is incapacitated, the custodial trust continues for the use and benefit of the distributee as beneficiary until the incapacity is removed or the custodial trust is otherwise terminated.(c) Death of a beneficiary does not terminate the power of the custodial trustee to discharge obligations of the custodial trustee or beneficiary incurred before the termination of the custodial trust.(d) The writing described in G.S. 33B-17(a)(3)a. or the instrument described in G.S. 33B-17(a)(3)b. must also be signed by at least two witnesses, neither of whom is the custodial trustee or the distributee of the custodial trust property, and be acknowledged by the beneficiary or transferor before an individual authorized to administer oaths or take acknowledgements. Failure to comply with the witness or acknowledgement requirement shall not affect the validity of the custodial trust during the life of the beneficiary, but shall invalidate only the direction or designation of the distributee on termination of the custodial trust under G.S. 33B-17(a)(3)a. or G.S. 33B-17(a)(3)b., and upon termination of the custodial trust the custodial trustee shall transfer the unexpended custodial trust property according to the remaining provisions of this section. (1995, c. 486, s. 1.)
NC Gen Stat § 33B-19 (2021)
2021 North Carolina General Statutes|Chapter 33B - North Carolina Uniform Custodial Trust Act|§ 33B-19 - Applicable law.

 33B-19. Applicable law.(a) This act applies to a transfer or declaration creating a custodial trust that refers to this act if, at the time of the transfer or declaration, the transferor, beneficiary, or custodial trustee is a resident of or has its principal place of business in this State or the custodial trust property is located in this State. The custodial trust remains subject to this act despite a later change in residence or principal place of business of the transferor, beneficiary, or custodial trustee, or removal of the custodial trust property from this State.(b) A transfer made pursuant to an act of another state substantially similar to this act is governed by the law of that state and may be enforced in this State. (1995, c. 486, s. 1.)
NC Gen Stat § 33B-20 (2021)
2021 North Carolina General Statutes|Chapter 33B - North Carolina Uniform Custodial Trust Act|§ 33B-20 - Uniformity of application and construction.

 33B-20. Uniformity of application and construction.This act shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this act among states enacting it. (1995, c. 486, s. 1.)
NC Gen Stat § 33B-21 (2021)
2021 North Carolina General Statutes|Chapter 33B - North Carolina Uniform Custodial Trust Act|§ 33B-21 - Short title.

 33B-21. Short title.This act may be cited as the "North Carolina Uniform Custodial Trust Act". (1995, c. 486, s. 1.)
NC Gen Stat § 33B-22 (2021)
2021 North Carolina General Statutes|Chapter 33B - North Carolina Uniform Custodial Trust Act|§ 33B-22 - Limitation on value of custodial trust property.

 33B-22. Limitation on value of custodial trust property.Transfers or declarations of property to the corpus of a custodial trust under this act shall not exceed in the aggregate one hundred thousand dollars ($100,000) in value, exclusive of the value of the transferor's or declarant's personal residence. This limitation shall not apply to any appreciation in the value of the corpus held in the custodial trust. A good faith violation of this section shall not invalidate a custodial trust. (1995, c. 486, s. 1.)
NC Gen Stat § 34-1 (2021)
2021 North Carolina General Statutes|Chapter 34 - Veterans' Guardianship Act|§ 34-1 - Title.

 34-1. Title.This Chapter shall be known as "The Veterans' Guardianship Act." (1929, c. 33, s. 1.)
NC Gen Stat § 34-2 (2021)
2021 North Carolina General Statutes|Chapter 34 - Veterans' Guardianship Act|§ 34-2 - Definitions.

 34-2. Definitions.In this Chapter:The term "benefits" shall mean all moneys payable by the United States through the Bureau.The term "Bureau" means the United States Veterans' Bureau or its successor.The term "Director" means the Director of the United States Veterans' Bureau or his successor."Estate" means income on hand and assets acquired partially or wholly with "income."The term "guardian" as used herein shall mean any person acting as a fiduciary for a ward."Income" means moneys received from the Veterans Administration and revenue or profit from any property wholly or partially acquired therewith.The term "person" includes a partnership, corporation or an association.The term "ward" means a beneficiary of the Bureau. (1929, c. 33, s. 2; 1945, c. 723, s. 2; 1961, c. 396, s. 1.)
NC Gen Stat § 34-2.1 (2021)
2021 North Carolina General Statutes|Chapter 34 - Veterans' Guardianship Act|§ 34-2.1 - Guardian's powers as to property; validation of prior acts.

 34-2.1. Guardian's powers as to property; validation of prior acts.Any guardian appointed under the provisions of this Chapter may be guardian of all property, real or personal, belonging to the ward to the same extent as a guardian appointed under the provisions of Chapter 35A of the General Statutes, and the provisions of such Chapter concerning the custody, management and disposal of property shall apply in any case not provided for by this Chapter. All acts heretofore performed by guardians appointed under the provisions of this Chapter with respect to the custody, management and disposal of property of wards are hereby validated where no provision for such acts was provided for by this Chapter, if such acts were performed under and in conformity with the provisions of Chapter 35A of the General Statutes. (1955, c. 1272, s. 1; 1987, c. 550, s. 18.)
NC Gen Stat § 34-3 (2021)
2021 North Carolina General Statutes|Chapter 34 - Veterans' Guardianship Act|§ 34-3 - Appointment of guardian for wards entitled to benefits from United States Veterans' Bureau.

 34-3. Appointment of guardian for wards entitled to benefits from United States Veterans' Bureau.Whenever, pursuant to any law of the United States or regulation of the Bureau, the Director requires, prior to payment of benefits, that a guardian be appointed for a ward, such appointment shall be made in the manner hereinafter provided. (1929, c. 33, s. 3.)
NC Gen Stat § 34-4 (2021)
2021 North Carolina General Statutes|Chapter 34 - Veterans' Guardianship Act|§ 34-4 - Guardian may not be named for more than five wards; exceptions; banks and trust companies, public guardians, or where wards are members of same family.

 34-4. Guardian may not be named for more than five wards; exceptions; banks and trust companies, public guardians, or where wards are members of same family.It shall be unlawful for any person, other than a public guardian qualified under Article 11, Chapter 35A, General Statutes of North Carolina, to accept appointment as guardian of any United States Veterans Administration ward, if such person shall at the time of such appointment be acting as guardian for five wards. For the purpose of this section, all minors of same family unit shall constitute one ward. In all appointments of a public guardian for United States Veterans Administration wards, the guardian shall furnish a separate bond for each appointment as required by G.S. 34-9. If, in any case, an attorney for the United States Veterans Administration presents a petition under this section alleging that an individual guardian other than a public guardian is acting in a fiduciary capacity for more than five wards and requesting discharge of the guardian for that reason, then the court, upon satisfactory evidence that the individual guardian is acting in a fiduciary capacity for more than five wards, must require a final accounting forthwith from such guardian and shall discharge the guardian in such case. Upon the termination of a public guardian's term of office, he may be permitted to retain any appointments made during his term of office.This section shall not apply to banks and trust companies licensed to do trust business in North Carolina. (1929, c. 33, s. 4; 1967, c. 564, s. 1; 1987, c. 550, s. 19.)
NC Gen Stat § 34-5 (2021)
2021 North Carolina General Statutes|Chapter 34 - Veterans' Guardianship Act|§ 34-5 - Petition for appointment of guardian.

 34-5. Petition for appointment of guardian.A petition for the appointment of a guardian may be filed in any court of competent jurisdiction by or on behalf of any person who under existing law is entitled to priority of appointment. If there be no person so entitled or if the person so entitled shall neglect or refuse to file such a petition within thirty days after mailing of notice by the Bureau to the last known address of such person indicating the necessity for the same, a petition for such appointment may be filed in any court of competent jurisdiction by or on behalf of any responsible person residing in this State.The petition for appointment shall set forth the name, age, place of residence of the ward, the names and places of residence of the nearest relative, if known, and the fact that such ward is entitled to receive moneys payable by or through the Bureau and shall set forth the amount of moneys then due and the amount of probable future payments.The petition shall also set forth the name and address of the person or institution, if any, having actual custody of the ward.In the case of a mentally incompetent ward the petition shall show that such ward has been rated incompetent on examination by the Bureau in accordance with the laws and regulations governing the Bureau. (1929, c. 33, s. 5.)
NC Gen Stat § 34-6 (2021)
2021 North Carolina General Statutes|Chapter 34 - Veterans' Guardianship Act|§ 34-6 - Certificate of Director prima facie evidence of necessity for appointment of guardian of minor.

 34-6. Certificate of Director prima facie evidence of necessity for appointment of guardian of minor.Where a petition is filed for the appointment of a guardian of a minor ward a certificate of the Director, or his representative, setting forth the age of such minor as shown by the records of the Bureau and the fact that the appointment of a guardian is a condition precedent to the payment of any moneys due the minor by the Bureau, shall be prima facie evidence of the necessity of such appointment. (1929, c. 33, s. 6.)
NC Gen Stat § 34-7 (2021)
2021 North Carolina General Statutes|Chapter 34 - Veterans' Guardianship Act|§ 34-7 - Certificate as evidence in regard to guardianship of mentally incompetent wards.

 34-7. Certificate as evidence in regard to guardianship of mentally incompetent wards.Where a petition is filed for the appointment of a guardian of a mentally incompetent ward a certificate of the Director, or his representative, setting forth the fact that such person has been rated incompetent by the Bureau on examination in accordance with the laws and regulations governing such Bureau; and that the appointment of a guardian is a condition precedent to the payment of any moneys due such person by the Bureau, shall be prima facie evidence of the necessity for such appointment. (1929, c. 33, s. 7.)
NC Gen Stat § 34-8 (2021)
2021 North Carolina General Statutes|Chapter 34 - Veterans' Guardianship Act|§ 34-8 - Notice of filing of petition.

 34-8. Notice of filing of petition.Upon the filing of a petition for the appointment of a guardian, under the provisions of this Chapter, the court shall cause such notice to be given as provided by law. (1929, c. 33, s. 8.)
NC Gen Stat § 34-9 (2021)
2021 North Carolina General Statutes|Chapter 34 - Veterans' Guardianship Act|§ 34-9 - Qualifications of guardian; surety bond.

 34-9. Qualifications of guardian; surety bond.Before making an appointment under the provisions of this Chapter the court shall be satisfied that the guardian whose appointment is sought is a fit and proper person to be appointed. Upon the appointment being made the guardian shall execute and file a surety bond to be approved by the court in an amount not less than the sum then due and estimated to become payable during the ensuing year. The said bond shall be in the form and be conditioned as required of guardians appointed under the guardianship laws of this State. The court shall have power from time to time to require the guardian to file an additional bond.No bond shall be required of the banks and trust companies licensed to do trust business in North Carolina. (1929, c. 33, s. 9.)
NC Gen Stat § 34-10 (2021)
2021 North Carolina General Statutes|Chapter 34 - Veterans' Guardianship Act|§ 34-10 - Guardian's accounts to be filed; hearing on accounts.

 34-10. Guardian's accounts to be filed; hearing on accounts.Every guardian, who shall receive on account of his ward any moneys from the Bureau, shall file with the court annually, on the anniversary date of the appointment, in addition to such other accounts as may be required by the court, a full, true, and accurate account under oath of all moneys so received by him, of all disbursements thereof, and showing the balance thereof in his hands at the date of such account and how invested. A certified copy of each of such accounts filed with the court shall be sent by the guardian to the office of the Bureau having jurisdiction over the area in which such court is located.At the time such account is filed the clerk of the superior court shall require the guardian to exhibit to the court all investments and bank statements showing cash balance and the clerk of the superior court shall certify on the original account and the certified copy which the guardian sends the Bureau that an examination was made of all investments and cash balance and that same are correctly stated in the account; provided that banks, organized under the laws of North Carolina or the Acts of Congress, engaged in doing a trust and fiduciary business in this State, when acting as guardian, or in other fiduciary capacity, shall be exempt from the requirement of exhibiting such investments and bank statements, and the clerk of the superior court shall not be required to so certify as to the accounts of such banks, except that in addition to the officer verifying the accounts, there shall be added a certificate of another officer of the bank certifying that all assets referred to in the account are held by the guardian or by a clearing corporation for the guardian. If objections are raised to such an accounting, the court shall fix a time and place for the hearing thereon not less than 15 days nor more than 30 days from the date of filing such objections, and notice shall be given by the court to the aforesaid Bureau office and the Department of Military and Veterans Affairs by mail not less than 15 days prior to the date fixed for the hearing. Notice of such hearing shall also be given to the guardian.  (1929, c. 33, s. 10; 1933, c. 262, s. 1; 1945, c. 723, s. 2; 1961, c. 396, s. 2; 1967, c. 564, s. 5; 1973, c. 497, s. 6; c. 620, s. 9.)
NC Gen Stat § 34-11 (2021)
2021 North Carolina General Statutes|Chapter 34 - Veterans' Guardianship Act|§ 34-11 - Failure to file account cause for removal.

 34-11. Failure to file account cause for removal.If any guardian shall fail to file any account of the moneys received by him from the Bureau on account of his ward within 30 days after such account is required by either the court or the Bureau, or shall fail to furnish the Bureau a copy of his accounts as required by this Chapter, such failure shall be grounds for removal. (1929, c. 33, s. 11.)
NC Gen Stat § 34-12 (2021)
2021 North Carolina General Statutes|Chapter 34 - Veterans' Guardianship Act|§ 34-12 - Compensation at five percent; additional compensation; premiums on bonds.

 34-12. Compensation at five percent; additional compensation; premiums on bonds.Compensation payable to guardians shall not exceed five percent (5%) of the income of the ward during any year, except that the court may approve compensation in the accounting in an amount not to exceed twenty-five dollars ($25.00) from an estate where the income for any one year is less than five hundred dollars ($500.00). In the event of extraordinary services rendered by such guardian the court may, upon petition and after hearing thereon, authorize additional compensation therefor, payable from the estate of the ward. Notice of such petition and hearing shall be given the proper office of the Bureau and the Department of Military and Veterans Affairs in the manner provided in G.S. 34-10. No compensation shall be allowed on the corpus of an estate received from a preceding guardian. The guardian may be allowed from the estate of his ward reasonable premiums paid by him to any corporate surety upon his bond. (1929, c. 33, s. 12; 1945, c. 723, s. 2; 1967, c. 564, ss. 2, 5; 1973, c. 620, s. 9.)
NC Gen Stat § 34-13 (2021)
2021 North Carolina General Statutes|Chapter 34 - Veterans' Guardianship Act|§ 34-13 - Investment of funds.

 34-13. Investment of funds.Every guardian shall invest the funds of the estate in any of the following securities:(1) United States government bonds.(2) State of North Carolina bonds issued since the year 1872.(3) By loaning the same upon real estate securities in which the guardian has no interest, such loans not to exceed fifty percent (50%) of the actual appraised or assessed value, whichever may be lower, and said loans when made to be evidenced by a note, or notes, or bond, or bonds, under the seal of the borrower and secured by first mortgage or first deed of trust. Said guardian before making such investment on real estate mortgages shall secure a certificate of title from some reputable attorney certifying that the same is first lien on real estate and also setting forth the tax valuation thereof for the current year: Provided, said guardian may purchase with said funds a home or farm for the sole use of said ward or his dependents upon petition and order of the clerk of superior court, said order to be approved by the resident or presiding judge of the superior court, and provided further that copy of said petition shall be forwarded to said Bureau before consideration thereof by said court. Any guardian may encumber the home or farm so purchased for the entire purchase price or balance thereof to enable the ward to obtain benefits provided in Title 38, U.S. Code, Chapter 37, upon petition to and order of the clerk of superior court of the county of appointment of said guardian and approved by the resident or presiding judge of the superior court. Notice of hearing on such petition, together with copy of the petition, shall be given to the United States Veterans Administration and the Department of Military and Veterans Affairs by mail not less than 15 days prior to the date fixed for the hearing.(4) Any form of investment allowed by law to the State Treasurer under G.S. 147-69.1.(5) Repealed by Session Laws 1979, c. 467, s. 22.It shall be the duty of guardians who shall have funds invested other than as provided for in this section to liquidate same within one year from the passage of this law: Provided, however, that upon the approval of the judge of the superior court, either residing in or presiding over the courts of the district, the clerk of the superior court may authorize the guardian to extend from time to time, the time for sale or collection of any such investments; that no extension shall be made to cover a period of more than one year from the time the extension is made.The clerk of the superior court of any county in the State or any guardian who shall violate any of the provisions of this section shall be guilty of a Class 1 misdemeanor. (1929, c. 33, s. 13; 1933, c. 262, s. 2; 1957, c. 199; 1959, c. 1015, s. 1; 1967, c. 564, ss. 3, 4; 1973, c. 620, s. 9; 1979, c. 467, s. 22; 1993, c. 539, s. 401; 1994, Ex. Sess., c. 24, s. 14(c).)
NC Gen Stat § 34-14 (2021)
2021 North Carolina General Statutes|Chapter 34 - Veterans' Guardianship Act|§ 34-14 - Application of ward's estate.

 34-14. Application of ward's estate.A guardian may apply any income received from the Veterans Administration for the benefit of the ward in the same manner and to the same extent as other income of the estate without the necessity of securing an order of court. A guardian shall not apply any portion of the estate of his ward for the support and maintenance of any person other than his ward, except upon order of the court after a hearing, notice of which has been given the proper officer of the Bureau and the Department of Military and Veterans Affairs in the manner provided in G.S. 34-10. (1929, c. 33, s. 14; 1945, c. 723, s. 2; 1961, c. 396, s. 3; 1967, c. 564, s. 5; 1973, c. 620, s. 9.)