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CHAPTER 55-15

TOTAL RETURN UNITRUSTS

55-15-1      Definitions.
55-15-2      Trustee's authority to convert income trust, total return unitrust--Calculate trust amount, value--Conditions.
55-15-3      Interested trustee's authority over actions enumerated in ยง 55-15-2--Conditions.
55-15-4      Trustee may petition court--Appointment of disinterested person.
55-15-5      Annual valuation of trust required.
55-15-6      Calculation of unitrust amount.
55-15-7      Repealed.
55-15-8      Unitrust amount as net income of trust--Allocation of capital gains to trust income.
55-15-9      Administration of total return unitrust--Authority of trustee.
55-15-10      Distributions of principal not affected by conversion.
55-15-11      Spouse may compel reconversion to income trust for certain trusts--Written instrument required.
55-15-12      Applicability of chapter.
55-15-13      Trustee acting in good faith not liable--Remedy.
55-15-14      No duty to act created.
55-15-15      Chapter not applicable to charitable remainder unitrust.


Back to Title 55