North Dakota § 59-16.3-08 Administration of total return unitrust authority - Authority of trustee

North Dakota Statutes

§ 59-16.3-08 — Administration of total return unitrust authority - Authority of trustee

North Dakota § 59-16.3-08

Title 59Trusts, Uses, and Powers

Ch. 59-16.3Total Return Unitrusts

This text of North Dakota § 59-16.3-08 (Administration of total return unitrust authority - Authority of trustee) 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 § 59-16.3-08 (2026).

Text

The trustee, in administering a total return unitrust, may determine:

1.The effective date of the conversion;

2.The timing of distributions;

3.Whether distributions are to be made in cash, in kind, or partly in cash and partly in kind;

4.Which assets are to be excluded in determining the unitrust amount;

5.If the trust is reconverted to an income trust, the effective date of the reconversion; and

6.Any other administrative issues as may be necessary or appropriate to carry out the purposes of this chapter.

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The trustee, in administering a total return unitrust, may determine:
1. The effective date of the conversion;
2. The timing of distributions;
3. Whether distributions are to be made in cash, in kind, or partly in cash and partly in
kind;
4. Which assets are to be excluded in determining the unitrust amount;
5. If the trust is reconverted to an income trust, the effective date of the reconversion;
and
6. Any other administrative issues as may be necessary or appropriate to carry out the
purposes of this chapter.