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- Section 55-15-7 - Repealed.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