N.D. Cent. Code § 59-16.3-08: Administration of total return unitrust authority - Authority of trustee

The trustee, in administering a total return unitrust, may determine:

1.The effective date of the conversion;

2.The timing of distributions;

3.Whether distributions are to be made in cash, in kind, or partly in cash and partly in kind;

4.Which assets are to be excluded in determining the unitrust amount;

5.If the trust is reconverted to an income trust, the effective date of the reconversion; and

6.Any other administrative issues as may be necessary or appropriate to carry out the purposes of this chapter.