Unitrust amount in excess of a five percent payout.

  1. Law
  2. North Carolina General Statutes
  3. Uniform Principal and Income Act
  4. Definitions and Fiduciary Duties; Conversion to Unitrust; Judicial Control of Discretionary Power.
  5. Unitrust amount in excess of a five percent payout.

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37A-1-104.26. Unitrust amount in excess of a five percent payout.

A trust that provides for a fixed percentage payout in excess of five percent (5%) per year is considered an express total return unitrust that pays out a fixed percentage of five percent (5%) per year and pays out principal to the extent that the fixed percentage payout exceeds five percent (5%) per year.



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