Administration of total return unitrust authority - Authority of trustee

N.D.C.C. § 59-16.3-08 — under Total Return Unitrusts.

N.D.C.C. § 59-16.3-08

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.