State Codes and Statutes

Statutes > North-carolina > Chapter_37A > GS_37A-1-104_6

§ 37A‑1‑104.6.  Noeffect on principal distributions.

Conversion to a total returnunitrust under this Part shall not affect any other provision of the governinginstrument, if any, regarding distributions of principal. For purposes of thisPart, the distribution of a unitrust amount is considered a distribution ofincome and not of principal. (2003‑232, s. 2.)

State Codes and Statutes

Statutes > North-carolina > Chapter_37A > GS_37A-1-104_6

§ 37A‑1‑104.6.  Noeffect on principal distributions.

Conversion to a total returnunitrust under this Part shall not affect any other provision of the governinginstrument, if any, regarding distributions of principal. For purposes of thisPart, the distribution of a unitrust amount is considered a distribution ofincome and not of principal. (2003‑232, s. 2.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_37A > GS_37A-1-104_6

§ 37A‑1‑104.6.  Noeffect on principal distributions.

Conversion to a total returnunitrust under this Part shall not affect any other provision of the governinginstrument, if any, regarding distributions of principal. For purposes of thisPart, the distribution of a unitrust amount is considered a distribution ofincome and not of principal. (2003‑232, s. 2.)

Categories