{"data":{"id":"us-nd/n.d.-cent.-code-59-16.3-03","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 59-16.3-03","heading":"Interested trustee's authority over actions enumerated in chapter 59-16.3","body":"If there is not a trustee of the trust other than an interested trustee, the interested trustee, or if two or more persons are acting as trustee and are interested trustees, a majority of those interested trustees, without the approval of a court, may take such action as provided in so long as the trustee appoints a disinterested person who, in its sole discretion, but acting in a fiduciary capacity, determines for the trustee:\n1.The percentage to be used to calculate the unitrust amount;\n2.The method to be used in determining the fair market value of the trust;\n3.Which assets, if any, are to be excluded in determining the unitrust amount; and\n4.Complies with subsections 1 through 4 of section 59-16.3-02.","path":["Title 59 Trusts","Chapter 59-16.3 Total Return Unitrusts"],"source_url":"https://ndlegis.gov/cencode/t59c16-3.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"02c8931ab58f0a65b1c5503fd7dc07d0518ce183414f5d03141f930d151c4a97","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-59-16.3-02","next":"us-nd/n.d.-cent.-code-59-16.3-04"},"notice":"GroundRules: Original legal text. Not legal advice."}