Conversion 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.)
No effect on principal distributions
N.C. Gen. Stat. § 37A-1-104.6
N.C. Gen. Stat. § 37A-1-104.6