Montana Uniform Principal and Income Act

  1. Law
  2. Montana Code Annotated
  3. Estates, Trusts, and Fiduciary Relationships
  4. Principal and Income
  5. Montana Uniform Principal and Income Act

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Section
72-34-401

Repealed

Section
72-34-402

Repealed

Section
72-34-403

Repealed

Section
72-34-404

Repealed

Section
72-34-405

Repealed

Section
72-34-406

Repealed

Section
72-34-407

Repealed

Section
72-34-408

Repealed

Section
72-34-409

Repealed

Section
72-34-410

Repealed

Section
72-34-411

Repealed

Section
72-34-412

Repealed

Section
72-34-413. through 72-34-415

reserved

Section
72-34-416

Repealed

Section
72-34-417. through 72-34-420

reserved

Section
72-34-421

Short title

Section
72-34-422

Definitions

Section
72-34-423

Allocation between principal and income -- impartial exercise of discretion

Section
72-34-424

Adjustments between principal and income

Section
72-34-425

Notice of proposed action -- objections by beneficiary -- liability of trustee -- proceedings

Section
72-34-426

Proceedings relating to adjustments -- remedy

Section
72-34-427

Application of part

Section
72-34-428

Rules applicable after decedent's death or termination of income interest

Section
72-34-429

Beneficiary's portion of net income -- maintenance of records -- distribution date

Section
72-34-430

Beneficiary's entitlement to net income -- assets subject to trust -- assets subject to successive income interest -- termination of income interest

Section
72-34-431

Allocation of income receipt or disbursement

Section
72-34-432

Undistributed income -- definition -- payment to beneficiary

Section
72-34-433

Allocation of receipts to income or principal -- entity defined

Section
72-34-434

Allocation of amounts received from specified trusts or estates

Section
72-34-435

Separate accounting records for business or other activity

Section
72-34-436

Amounts allocated to principal

Section
72-34-437

Amounts received from rental property allocation

Section
72-34-438

Interest on obligation to pay money -- allocation

Section
72-34-439

Life insurance policy proceeds -- proceeds of contracts insuring against certain losses -- allocation

Section
72-34-440

Insubstantial allocation -- allocation of entire amount to principal -- exceptions

Section
72-34-441

Payments characterized as interest or dividend -- allocation to income -- allocation of other payments -- excess allocation to income in order to obtain estate tax marital deduction

Section
72-34-442

Receipts from liquidating assets -- allocation

Section
72-34-443

Receipts from mineral interests and other natural resources -- allocation

Section
72-34-444

Receipts from sale of timber and related products -- allocation

Section
72-34-445

Increasing income in order to maintain marital deduction

Section
72-34-446

Transactions in derivatives -- allocations of receipts and disbursements -- options to buy or sell property -- allocation of amounts received or paid

Section
72-34-447

Payments from collateral financial assets and payments in exchange for interest in asset-backed security -- allocation

Section
72-34-448

Disbursements from income

Section
72-34-449

Disbursements from principal

Section
72-34-450

Assets subject to depreciation -- transfer from income to principal of portion of net cash receipts

Section
72-34-451

Transfer from income to principal in anticipation of principal disbursement

Section
72-34-452

Payment of taxes

Section
72-34-453

Adjustments between principal and income in certain cases