Section 59-04.2-30 - Certain charitable remainder unitrusts1. Notwithstanding any other provision of this chapter, unless the trust instrument directs otherwise, an increase in the value of the obligations described in this subsection owned by a charitable remainder unitrust of the type authorized in section 664(d)(3) of the Internal Revenue Code [ 26 U.S.C. 664(d)(3) ] or its successor provisions is distributable as income when it becomes available for distribution:b. An annuity contract before annuitization;c. A life insurance contract before the death of the insured;d. An interest in a common trust fund as defined in section 584 of the Internal Revenue Code [ 26 U.S.C. 584 ] or its successor provisions;e. An interest in a partnership as defined in section 7701 of the Internal Revenue Code [ 26 U.S.C. 7701 ] or its successor provisions; andf. Any other obligation for the payment of money that is payable at a future time in accordance with a fixed, variable, or discretionary schedule of appreciation in excess of the price at which it was issued.2. The increase in value of the obligations described in subsection 1 is distributable to the beneficiary who was the income beneficiary at the time of the increase.3. For purposes of this section, the increase in value of an obligation described in subsection 1 is available for distribution only when the trustee receives cash on account of the obligation. If the obligation is surrendered or liquidated partially, the cash available must be attributed first to the increase.