No effect on principal distributions.

Checkout our iOS App for a better way to browser and research.

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.



Download our app to see the most-to-date content.