Uniform Principal and Income Act

  1. Law
  2. Indiana Code
  3. Trusts and Fiduciaries
  4. General Provisions
  5. Uniform Principal and Income Act

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Section
30-2-14-0.1

Application of Chapter; Application of Certain Amendments to Chapter

Section
30-2-14-1

"Accounting Period" Defined

Section
30-2-14-2

"Beneficiary" Defined

Section
30-2-14-3

"Fiduciary"

Section
30-2-14-4

"Income" Defined

Section
30-2-14-5

"Income Beneficiary" Defined

Section
30-2-14-6

"Income Interest" Defined

Section
30-2-14-7

"Mandatory Income Interest" Defined

Section
30-2-14-8

"Net Income" Defined

Section
30-2-14-9

"Person" Defined

Section
30-2-14-10

"Principal" Defined

Section
30-2-14-11

"Remainder Beneficiary" Defined

Section
30-2-14-12

"Terms of a Trust"

Section
30-2-14-13

"Trustee" Defined

Section
30-2-14-13.5

Personal Representative as a Fiduciary

Section
30-2-14-14

Allocating Receipts and Disbursements Between Principal and Income

Section
30-2-14-15

Power of Trustee to Adjust Between Principal and Income

Section
30-2-14-16

Notice of Proposed Action

Section
30-2-14-17

Discretionary Powers of Fiduciary; Failure to Exercise Power; Remedies

Section
30-2-14-18

Distributions to Beneficiaries; Payment of Fees and Costs

Section
30-2-14-19

Beneficiary's Share of Net Income

Section
30-2-14-20

Income Interest; Asset Subject to Trust

Section
30-2-14-21

Income Receipts and Disbursements

Section
30-2-14-22

Termination of Mandatory Income Interest

Section
30-2-14-23

Receipts From an Entity

Section
30-2-14-24

Distributions of Principal and Income From Trust or Estate

Section
30-2-14-25

Separate Accounting Records for Business or Activity

Section
30-2-14-26

Receipts and Property Allocated to Principal

Section
30-2-14-27

Rental Property Receipts

Section
30-2-14-28

Obligation to Pay Money to Trustee

Section
30-2-14-29

Life Insurance Policy Proceeds; Proceeds of Other Contracts

Section
30-2-14-30

Insubstantial Allocation Between Principal and Income

Section
30-2-14-31

Allocating Payments to Principal or Income

Section
30-2-14-32

Receipts From Liquidating Asset

Section
30-2-14-33

Receipts From an Interest in Minerals or Other Natural Resources

Section
30-2-14-34

Net Receipts From the Sale of Timber and Related Products

Section
30-2-14-35

Marital Deduction for Trust Assets

Section
30-2-14-36

Transactions in Derivatives; Granting, Acquiring, or Exercising an Option

Section
30-2-14-37

Asset Backed Securities

Section
30-2-14-38

Disbursements From Income

Section
30-2-14-39

Disbursements From Principal

Section
30-2-14-40

Principal Asset Subject to Depreciation

Section
30-2-14-41

Principal Disbursements; Income Transfers to Reimburse Principal or Create Principal Disbursement Reserve

Section
30-2-14-42

Tax Payments

Section
30-2-14-43

Adjustments to Offset Shifting of Economic Interests or Tax Benefits Between Income Beneficiaries and Remainder Beneficiaries

Section
30-2-14-44

Uniformity of the Law