Chapter 10.1. Uniform Fiduciary Income and Principal ActRead Chapter
- Article 1. General ProvisionsRead all
- § 64.2-1033
- Definitions
- § 64.2-1034
- Scope
- § 64.2-1035
- Governing law
- Article 2. Fiduciary Duties and Judicial ReviewRead all
- § 64.2-1036
- Fiduciary duties; general principles
- § 64.2-1037
- Judicial review of exercise of discretionary power; request for instruction
- § 64.2-1038
- Fiduciary's power to adjust
- Article 3. UnitrustRead all
- § 64.2-1039
- Definitions
- § 64.2-1040
- Application; duties and remedies
- § 64.2-1041
- Authority of fiduciary
- § 64.2-1042
- Notice
- § 64.2-1043
- Unitrust policy
- § 64.2-1044
- Unitrust rate
- § 64.2-1045
- Applicable value
- § 64.2-1046
- Period
- § 64.2-1047
- Special tax benefits; other rules
- Article 4. Allocation of Receipts: Receipts from EntityRead all
- § 64.2-1048
- Character of receipts from entity
- § 64.2-1049
- Distribution from trust or estate
- § 64.2-1050
- Business or other activity conducted by fiduciary
- Article 5. Allocation of Receipts: Receipts Not Normally ApportionedRead all
- § 64.2-1051
- Principal receipts
- § 64.2-1052
- Rental property
- § 64.2-1053
- Receipt on obligation to be paid in money
- § 64.2-1054
- Insurance policy or contract
- Article 6. Allocation of Receipts: Receipts Normally ApportionedRead all
- § 64.2-1055
- Insubstantial allocation not required
- § 64.2-1056
- Deferred compensation, annuity, or similar payment
- § 64.2-1057
- Liquidating asset
- § 64.2-1058
- Minerals, water, and other natural resources
- § 64.2-1059
- Timber
- § 64.2-1060
- Marital deduction property not productive of income
- § 64.2-1061
- Derivative or option
- § 64.2-1062
- Asset-backed security
- § 64.2-1063
- Other financial instrument or arrangement
- Article 7. Allocation of DisbursementsRead all
- § 64.2-1064
- Disbursement from income
- § 64.2-1065
- Disbursement from principal
- § 64.2-1066
- Transfer from income to principal for depreciation
- § 64.2-1067
- Reimbursement of income from principal
- § 64.2-1068
- Reimbursement of principal from income
- § 64.2-1069
- Income taxes
- § 64.2-1070
- Adjustment between income and principal because of taxes
- Article 8. Death of Individual or Termination of Income InterestRead all
- § 64.2-1071
- Determination and distribution of net income
- § 64.2-1072
- Distribution to successor beneficiary
- Article 9. Apportionment at Beginning and End of Income InterestRead all
- § 64.2-1073
- When right to income begins and ends
- § 64.2-1074
- Apportionment of receipts and disbursements when decedent dies or income interest begins
- § 64.2-1075
- Apportionment when income interest ends
- Article 10. Miscellaneous ProvisionsRead all
- § 64.2-1076
- Uniformity of application and construction
- § 64.2-1077
- Relation to Electronic Signatures in Global and National Commerce Act
- § 64.2-1078
- Application to trust or estate
