{"data":{"id":"us-nc/n.c.-gen.-stat.-37a-1-104.6","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 37A-1-104.6","heading":"No effect on principal distributions.","body":"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. (2003-232, s. 2.)","path":["Chapter 37A. Uniform Principal and Income Act.","Article 1. Definitions and Fiduciary Duties; Conversion to Unitrust; Judicial Control of Discretionary Power.","Part 2. Conversion to Unitrust."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_37A/GS_37A-1-104.6.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:01:42Z","sha256":"e4b0e9b79d3a64c387ccf0772ed827df243ab8472db14fa402b44548268e374f","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-37a-1-104.5","next":"us-nc/n.c.-gen.-stat.-37a-1-104.7"},"notice":"GroundRules: Original legal text. Not legal advice."}