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§ 37a-1-104-26 — North Carolina Law | CourtGPT
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North Carolina Legal Code

§ 37a-1-104-26

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\nA 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.)