§ 28A-21-1. Annual accounts.
Article21.
Accounting.
§ 28A‑21‑1. Annual accounts.
Until the final account hasbeen filed pursuant to G.S. 28A‑21‑2, the personal representativeor collector shall, for so long as any of the property of the estate remains inhis control, custody or possession, file annually in the office of the clerk ofsuperior court an inventory and account, under oath, of the amount of propertyreceived by him, or invested by him, and the manner and nature of suchinvestment, and his receipts and disbursements for the past year. Suchaccounts shall be due by the fifteenth day of the fourth month after the closeof the fiscal year selected by the personal representative or collector, andannually thereafter. The election of a fiscal year shall be made by the personalrepresentative or collector upon filing of the first annual account. In noevent may a personal representative or collector select a fiscal year‑endwhich is more than twelve months from the date of death of the decedent or, inthe case of trust administration, the date of the opening of the trust. Anyfiscal year selected may not be changed without the permission of the clerk ofsuperior court.
The personal representative orcollector shall produce vouchers for all payments or verified proof for paymentsin lieu of vouchers. The clerk of superior court may examine, under oath, suchaccounting party, or any other person, concerning the receipts, disbursementsor any other matter relating to the estate. He must carefully review and auditsuch account and, if he approves the account, he must endorse his approvalthereon, which shall be prima facie evidence of correctness, and causethe same to be recorded. (C.C.P., s. 478; 1871‑2, c. 46; Code, s. 1399;Rev., s. 99; C.S., s. 105; 1957, c. 783, s. 5; 1973, c. 1329, s. 3; 1977, c.446, s. 1; 1981, c. 955, s. 1; 1987, c. 783, s. 1; 1991, c. 485, s. 1.)