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2017 South Carolina Code of Laws
Title 62 - South Carolina Probate Code
ARTICLE 7 - SOUTH CAROLINA TRUST CODE
Section 62-7-904G. Distribution of unitrust amount considered distribution of income and not of principal.
Universal Citation: SC Code § 62-7-904G (2017)
Conversion to a total return unitrust under Sections 62-7-904B through 62-7-904P does not affect any other provision of the terms of the trust, if any, regarding distributions of principal. For purposes of Sections 62-7-904B through 62-7-904P, the distribution of a unitrust amount is considered a distribution of income and not of principal.
HISTORY: 2013 Act No. 100, Section 2, eff January 1, 2014.
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