Uniform Principal and Income Act

  1. Law
  2. Hawaii Revised Statutes
  3. Guardians and Trustees
  4. Uniform Principal and Income Act

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Section
557A-101

Short title.

Section
557A-102

Definitions.

Section
557A-103

Fiduciary duties; general principles.

Section
557A-104

Trustee's power to adjust.

Section
557A-105

Notice of proposed action.

Section
557A-106

Proceedings regarding trustee's power to adjust.

Section
557A-201

Determination and distribution of net income.

Section
557A-202

Distribution to residuary and remainder beneficiaries.

Section
557A-301

When right to income begins and ends.

Section
557A-302

Apportionment of receipts and disbursements when decedent dies or income interest begins.

Section
557A-303

Apportionment when income interest ends.

Section
557A-401

Character of receipts.

Section
557A-402

Distribution from trust or estate.

Section
557A-403

Business and other activities conducted by trustee.

Section
557A-404

Principal receipts.

Section
557A-405

Rental property.

Section
557A-406

Obligation to pay money.

Section
557A-407

Insurance policies and similar contracts.

Section
557A-408

Insubstantial allocations not required.

Section
557A-409

Deferred compensation, annuities, and similar payments.

Section
557A-410

Liquidating asset.

Section
557A-411

Minerals, water, and other natural resources.

Section
557A-412

Timber.

Section
557A-413

Property not productive of income.

Section
557A-414

Derivatives and options.

Section
557A-415

Asset-backed securities.

Section
557A-501

Disbursements from income.

Section
557A-502

Disbursements from principal.

Section
557A-503

Transfers from income to principal for depreciation.

Section
557A-504

Transfers from income to reimburse principal.

Section
557A-505

Income taxes.

Section
557A-506

Adjustments between principal and income because of taxes.