Distribution of unitrust amount considered distribution of income and not of principal.

  1. Law
  2. South Carolina Code of Laws
  3. South Carolina Probate Code
  4. South Carolina Trust Code
  5. Distribution of unitrust amount considered distribution of income and not of principal.

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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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