North Carolina § 37A-1-104 - 26. Unitrust amount in excess of a five percent payout.
Full text of North Carolina North Carolina General Statutes § 37A-1-104 — 26. Unitrust amount in excess of a five percent payout., with citation guidance and answers to common questions.
§ 37A-1-104. 26. Unitrust amount in excess of a five percent payout.
A trust that provides for a fixed percentage payout in excess of five percent (5%) per year is considered an express total return unitrust that pays out a fixed percentage of five percent (5%) per year and pays out principal to the extent that the fixed percentage payout exceeds five percent (5%) per year. History (2005-244, s. 6.) Editor's Note. - The number of this section, G.S. 37A-1-104 .26, was assigned by the Revisor of Statutes, the number in Session Laws 2005-244, s. 6, having been G.S. 37A-104A.6. PART 3. JUDICIAL CONTROL OF DISCRETIONARY POWER.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 37A-1-104
What does North Carolina General Statutes § 37A-1-104 cover?
Section 37A-1-104 ("26. Unitrust amount in excess of a five percent payout.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 37A-1-104?
A common citation format is "North Carolina General Statutes § 37A-1-104" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 37A-1-104 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.