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Current as of January 01, 2024 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - North Dakota Century Code Title 59. Trusts § 59-16.3-08. Administration of total return unitrust authority--Authority of trustee - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-59-trusts/nd-cent-code-sect-59-16-3-08/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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