Section 62-7-904F - Administration of a total return unitrustIn administering a total return unitrust, the trustee may, in its sole discretion but subject to the terms of the trust, determine:
(1) the effective date of the conversion;(2) the timing of distributions, including provisions for prorating a distribution for a short year in which a beneficiary's right to payments commences or ceases;(3) whether distributions are to be made in cash or in kind or partly in cash and partly in kind;(4) if the trust is reconverted to an income trust, the effective date of the reconversion; and(5) any other administrative issues as may be necessary or appropriate to carry out the purposes of Sections 62-7-904B through 62-7-904P.Amended by 2013 S.C. Acts, Act No. 100 (SB 143), s 2, eff. 1/1/2014.