59-16.3-09. Distributions of principal not affected by conversion.
25 words·~1 min read·
/nd/title-59/chapter-59-16-3-total-return-unitrusts/59-16-3-09·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Conversion to a total return unitrust under this chapter does not affect any other provisions of the governing instrument, if any, regarding distributions of principal.