Chapter 10. Uniform Principal and Income ActRead Chapter
- Article 1. Definitions and Fiduciary DutiesRead all
- § 64.2-1000
- Definitions
- § 64.2-1001
- Fiduciary duties; general principles
- § 64.2-1002
- Fiduciary's power to adjust
- § 64.2-1003
- Total return unitrust
- Article 2. Decedent's Estate or Terminating Income InterestRead all
- § 64.2-1004
- Determination and distribution of net income
- § 64.2-1005
- Distribution to residuary and remainder beneficiaries
- Article 3. Apportionment at Beginning and End of Income InterestRead all
- § 64.2-1006
- When right to income begins and ends
- § 64.2-1007
- Apportionment of receipts and disbursements when decedent dies or income interest begins
- § 64.2-1008
- Apportionment when income interest ends
- Article 4. Allocation of Receipts During Administration of TrustRead all
- Part 1. RECEIPTS FROM ENTITIES
- § 64.2-1009
- Character of receipts
- § 64.2-1010
- Distribution from trust or estate
- § 64.2-1011
- Business and other activities conducted by trustee
- Part 2. RECEIPTS NOT NORMALLY APPORTIONED
- § 64.2-1012
- Principal receipts
- § 64.2-1013
- Rental property
- § 64.2-1014
- Obligation to pay money
- § 64.2-1015
- Insurance policies and similar
- Part 3. RECEIPTS NORMALLY APPORTIONED
- § 64.2-1016
- Insubstantial allocations not required
- § 64.2-1017
- Deferred compensation, annuities, and similar payments
- § 64.2-1018
- Liquidating asset
- § 64.2-1019
- Minerals, water, and other natural resources
- § 64.2-1020
- Timber
- § 64.2-1021
- Property not productive of income
- § 64.2-1022
- Derivatives and options
- § 64.2-1023
- Asset-backed securities
- Article 5. Allocation of Disbursements During Administration of TrustRead all
- § 64.2-1024
- Disbursements from income
- § 64.2-1025
- Disbursements from principal
- § 64.2-1026
- Transfers from income to principal for depreciation
- § 64.2-1027
- Transfers from income to reimburse principal
- § 64.2-1028
- Income taxes
- § 64.2-1029
- Adjustments between principal and income because of taxes
- Article 6. Miscellaneous ProvisionsRead all
- § 64.2-1030
- Expenses and receipts; nontrust estates
- § 64.2-1031
- Uniformity of application and construction
- § 64.2-1032
- Application of chapter to existing trusts, decedent's estates, and nontrust estates
