N.C. Gen. Stat. § 37A-1-104.6

No effect on principal distributions.

Last amended: 2003Year: 2026Length: 53 wordsOfficial source
§ 37A-1-104.6. No effect on principal distributions. Conversion to a total return unitrust under this Part shall not affect any other provision of the governing instrument, if any, regarding distributions of principal. For purposes of this Part, the distribution of a unitrust amount is considered a distribution of income and not of principal.
N.C. Gen. Stat. § 37A-1-104.6: No effect on principal distributions. | Justis AI