{"data":{"id":"us-nc/n.c.-gen.-stat.-37a-1-104.24","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 37A-1-104.24","heading":"Change or conversion of unitrust amount.","body":"(a)\tThe terms of the governing instrument of an express total return unitrust may provide the method similar to the method provided under G.S. 37A-1-104.2(a) for changing the unitrust percentage or for converting from a unitrust to an income trust or for a reconversion of an income trust to a unitrust, or for all of these actions.\n(b)\tIf the terms of the governing instrument of an express total return unitrust do not specifically or by reference to G.S. 37A-1-104.2 grant a power to the trustee to change the unitrust percentage or change to an income trust, the trustee shall not have that power. (2005-244, s. 6.)","path":["Chapter 37A. Uniform Principal and Income Act.","Article 1. Definitions and Fiduciary Duties; Conversion to Unitrust; Judicial Control of Discretionary Power.","Part 2A. Express Total Return Unitrusts."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_37A/GS_37A-1-104.24.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:01:42Z","sha256":"8fa72637b8b51bb3b9da9f70d6fab511d8fc41514ea751ec39792808a7696e33","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-37a-1-104.23","next":"us-nc/n.c.-gen.-stat.-37a-1-104.25"},"notice":"GroundRules: Original legal text. Not legal advice."}