{"data":{"id":"us-nc/n.c.-gen.-stat.-37a-1-104.26","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 37A-1-104.26","heading":"Unitrust amount in excess of a five percent payout.","body":"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. (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-1-104.26.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:01:42Z","sha256":"cfb236c46089956a4019fb052c7a85cb7a3115d7203b28c7c300b75637735d34","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-37a-1-104.25","next":"us-nc/n.c.-gen.-stat.-37a-1-105"},"notice":"GroundRules: Original legal text. Not legal advice."}