Principal and Income

  1. Law
  2. Massachusetts General Laws
  3. Real and Personal Property and Domestic Relations
  4. Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts
  5. Principal and Income

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Section
1

Short Title

Section
2

Definitions

Section
3

Fiduciary Duties; General Principles

Section
4

Trustee's Power to Adjust

Section
5

Judicial Control of Discretionary Powers

Section
6

Determination and Distribution of Net Income

Section
7

Distribution to Residuary and Remainder Beneficiaries

Section
8

When Right to Income Begins and Ends

Section
8a

Apportionment of Receipts and Disbursements When Decedent Dies or Income Interest Begins

Section
9

Apportionment When Income Interest Ends

Section
10

Character of Receipts

Section
11

Distribution From Trust or Estate

Section
12

Business and Other Activities Conducted by Trustee

Section
13

Principal Receipts

Section
14

Rental Property

Section
15

Obligation to Pay Money

Section
16

Insurance Policies and Similar Contracts

Section
17

Insubstantial Allocations Not Required

Section
18

Deferred Compensation, Annuities and Similar Payments

Section
19

Liquidating Asset

Section
20

Minerals, Water, and Other Natural Resources

Section
21

Timber

Section
22

Property Not Productive of Income

Section
23

Derivatives and Options

Section
24

Asset-Backed Securities

Section
25

Disbursements From Income

Section
26

Disbursements From Principal

Section
27

Transfers From Income to Principal for Depreciation

Section
28

Transfers From Income to Reimburse Principal

Section
29

Income Taxes