§ 37a-1-104-21

\n(a) An 'express total return unitrust' means a trust that has a governing instrument requiring the distribution at least annually of a unitrust amount equal to a fixed percentage of not less than three percent (3%) nor more than five percent (5%) per year of the net fair market value of the trust's assets, valued at least annually.\n(b) 'Code' means the Internal Revenue Code as described in G.S. 37A-1-104.1(1).\n(c) 'Treasury regulations' means the treasury regulations described in G.S. 37A-1-104.1(9a). (2005-244, s. 6.)