North Carolina General Statutes § 53-421 Objection to affiliate transfer

If a client, or a person acting on behalf of the client, delivers a written objection to the affiliate transfer to the transferring trust institution at anytime prior to the date of the affiliate transfer, the transferring trust institution shall exclude that account from the affiliate transfer unless the objection is withdrawn. An objection to an affiliate transfer shall not affect the right of the transferring trust institution to continue to administer the account or to seek to transfer the account pursuant to the documents and law governing the account. (2005-274, s. 2.)

Sections:  Previous  53-408  53-409  53-410  53-411  53-412  53-413  53-414  53-415  53-420  53-421  53-422  53-423  53-424  53-425  53-426  Next

Last modified: March 23, 2014