CHAPTER 47-03 ACCUMULATIONS OF PROPERTY 47-03-01. Income defined
The income of property, as the term is used in this title, includes the rents and profits of real property, the interest of money, dividends upon stock, and other produce of personal property
47-03-02. Income from future interests - Dispositions
Dispositions of the income of property to accrue and to be received at any time subsequent to the execution of the instrument creating such dispositions are governed by the rules prescribed in this title in relation to future interests
47-03-03. Undisposed income - Persons entitled to future interest
When, in consequence of a valid limitation of a future interest, there is a suspension of the power of alienation or of the ownership, during the continuation of which the income is undisposed of, and no valid direction for its accumulation is given, such income belongs to the persons presumptively entitled to the next eventual interest
47-03-04. Accumulation of income - How directed
Repealed by S.L. 1959, ch. 330, ยง 1
47-03-05. Accumulation beyond minority of beneficiaries - Direction void
Repealed by S.L. 1959, ch. 330, ยง 1
47-03-06. Allowance to minor from accumulations
When a minor for whose benefit an accumulation has been directed is destitute of other sufficient means of support and education, the district court, upon application, may direct a suitable sum to be applied thereto out of the fund
47-03-07. Illegal accumulation
Repealed by S.L. 1961, ch. 297, ยง 1
Page No. 1
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.