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  10. Chapter 203d - Principal and Income


Chapter 203d - Principal and Income


  • Section 1 - Short Title
  • Section 2 - Definitions
  • Section 3 - Fiduciary Duties; General Principles
  • Section 4 - Trustee's Power to Adjust
  • Section 5 - Judicial Control of Discretionary Powers
  • Section 6 - Determination and Distribution of Net Income
  • Section 7 - Distribution to Residuary and Remainder Beneficiaries
  • Section 8 - When Right to Income Begins and Ends
  • Section 8a - Apportionment of Receipts and Disbursements When Decedent Dies or Income Interest Begins
  • Section 9 - Apportionment When Income Interest Ends
  • Section 10 - Character of Receipts
  • Section 11 - Distribution From Trust or Estate
  • Section 12 - Business and Other Activities Conducted by Trustee
  • Section 13 - Principal Receipts
  • Section 14 - Rental Property
  • Section 15 - Obligation to Pay Money
  • Section 16 - Insurance Policies and Similar Contracts
  • Section 17 - Insubstantial Allocations Not Required
  • Section 18 - Deferred Compensation, Annuities and Similar Payments
  • Section 19 - Liquidating Asset
  • Section 20 - Minerals, Water, and Other Natural Resources
  • Section 21 - Timber
  • Section 22 - Property Not Productive of Income
  • Section 23 - Derivatives and Options
  • Section 24 - Asset-Backed Securities
  • Section 25 - Disbursements From Income
  • Section 26 - Disbursements From Principal
  • Section 27 - Transfers From Income to Principal for Depreciation
  • Section 28 - Transfers From Income to Reimburse Principal
  • Section 29 - Income Taxes
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