North Carolina CLASS is supervised by a Board of Trustees comprised of eligible Participants of the North Carolina CLASS program. The Board of Trustees supervises North Carolina CLASS and its affairs and acts as the liaison between the Participants, the Custodian, and the Administrator. The Board administers the affairs of North Carolina CLASS and enters into contracts and agreements on behalf of the Program. It also selects the Administrator, Investment Advisor, and the Custodian subject to the terms of the Interlocal Agreement and Indenture of Trust.

The members below constitute the North Carolina CLASS Board of Trustees. The Board may expand membership of the Board and set initial terms for each additional Trustee, but the number of Trustees thereafter shall never be less than three nor more than thirteen.