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2022 North Carolina General Statutes
Chapter 37A - Uniform Principal and Income Act
Article 1 - Definitions and Fiduciary Duties; Conversion to Unitrust; Judicial Control of Discretionary Power.
§ 37A-1-104.23 - Effect of distribution of unitrust amount.
Universal Citation: NC Gen Stat § 37A-1-104.23 (2022)
37A-1-104.23. Effect of distribution of unitrust amount.
The distribution from an express total return unitrust of the fixed percentage of not less than three percent (3%) nor more than five percent (5%) reasonably apportions between the income beneficiaries and remaindermen the total return of an express total return unitrust. (2005-244, s. 6.)
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