State Codes and Statutes

Statutes > North-carolina > Chapter_37A > GS_37A-1-104_26

§ 37A‑1‑104.26. Unitrust amount in excess of a five percent payout.

A trust that provides for afixed percentage payout in excess of five percent (5%) per year is consideredan express total return unitrust that pays out a fixed percentage of fivepercent (5%) per year and pays out principal to the extent that the fixedpercentage payout exceeds five percent (5%) per year. (2005‑244, s. 6.)

State Codes and Statutes

Statutes > North-carolina > Chapter_37A > GS_37A-1-104_26

§ 37A‑1‑104.26. Unitrust amount in excess of a five percent payout.

A trust that provides for afixed percentage payout in excess of five percent (5%) per year is consideredan express total return unitrust that pays out a fixed percentage of fivepercent (5%) per year and pays out principal to the extent that the fixedpercentage payout exceeds five percent (5%) per year. (2005‑244, s. 6.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_37A > GS_37A-1-104_26

§ 37A‑1‑104.26. Unitrust amount in excess of a five percent payout.

A trust that provides for afixed percentage payout in excess of five percent (5%) per year is consideredan express total return unitrust that pays out a fixed percentage of fivepercent (5%) per year and pays out principal to the extent that the fixedpercentage payout exceeds five percent (5%) per year. (2005‑244, s. 6.)

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