33-101. Trusts.

33-101

Chapter 33.--STATUTE OF FRAUDS; FRAUDULENT CONVEYANCES
Article 1.--STATUTE OF FRAUDS

      33-101.   Trusts.All gifts and conveyances of goods and chattels, made in trust to theuse of the person or persons making the same shall, to the full extent ofboth the corpus and income made in trust to such use, be void and of noeffect, regardless of motive, as to all past, present or future creditors;but otherwise shall be valid and effective.

      History:   G.S. 1868, ch. 43, § 1; R.S. 1923, 33-101; L. 1949, ch. 274, § 1;June 30.