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. (2003-232, s. 2.)
Sections: Previous 37A-1-103 37A-1-104 37A-1-104.1 37A-1-104.2 37A-1-104.3 37A-1-104.4 37A-1-104.5 37A-1-104.6 37A-1-104.8 37A-1-104.9 37A-1-104.21 37A-1-104.22 37A-1-104.23 37A-1-104.24 37A-1-104.25 Next
Last modified: March 23, 2014