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§ 37a-1-104-6 — North Carolina Law | CourtGPT
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North Carolina Legal Code

§ 37a-1-104-6

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\nConversion 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.)