North Dakota § 59-16.3-05 Annual valuation of trust required

North Dakota Statutes

§ 59-16.3-05 — Annual valuation of trust required

North Dakota § 59-16.3-05

Title 59Trusts, Uses, and Powers

Ch. 59-16.3Total Return Unitrusts

This text of North Dakota § 59-16.3-05 (Annual valuation of trust required) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 59-16.3-05 (2026).

Text

The fair market value of the trust must be determined at least annually, using the valuation
date, or dates, or averages of valuation dates as are deemed appropriate. Assets for which a
fair market value cannot be readily ascertained must be valued using valuation methods that are
deemed reasonable and appropriate. If all income received with respect to the assets is
distributed to the extent distributable in accordance with the terms of the governing instrument,
assets may be excluded from valuation.

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The fair market value of the trust must be determined at least annually, using the valuation
date, or dates, or averages of valuation dates as are deemed appropriate. Assets for which a
fair market value cannot be readily ascertained must be valued using valuation methods that are
deemed reasonable and appropriate. If all income received with respect to the assets is
distributed to the extent distributable in accordance with the terms of the governing instrument,
assets may be excluded from valuation.