ARTICLE 11-A

UNIFORM PRINCIPAL AND INCOME ACT

PART 1. DEFINITIONS AND FIDUCIARY DUTIES
Section 11-A-1.1 Short title.

11-A-1.2 Definitions.

11-A-1.3 Fiduciary duties; general principles.

PART 2. DECEDENT'S ESTATE OR TERMINATING INCOME INTEREST
Section 11-A-2.1 Determination and distribution of net income.

11-A-2.2 Distribution to residuary and remainder beneficiaries.

PART 3. APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST
Section 11-A-3.1 When right to income begins and ends.

11-A-3.2 Apportionment of receipts and disbursements when

decedent dies or income interest begins.

11-A-3.3 Apportionment when income interest ends.

PART 4. ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST

SUBPART 1. RECEIPTS FROM ENTITIES
Section 11-A-4.1 Character of receipts.

11-A-4.2 Distribution from trust or estate.

11-A-4.3 Business and other activities conducted by trustee.

SUBPART 2. RECEIPTS NOT NORMALLY APPORTIONED
Section 11-A-4.4 Principal receipts.

11-A-4.5 Rental property.

11-A-4.6 Obligation to pay money.

11-A-4.7 Insurance policies and similar contracts.

SUBPART 3. RECEIPTS NORMALLY APPORTIONED
Section 11-A-4.8 Insubstantial allocations not required.

11-A-4.9 Deferred compensation, annuities, and similar

payments.

11-A-4.10 Liquidating asset.

11-A-4.11 Minerals, water, and other natural resources.

11-A-4.12 Timber.

11-A-4.13 Property not productive of income.

11-A-4.14 Derivatives and options.

11-A-4.15 Asset-backed securities.

PART 5. ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST
Section 11-A-5.1 Disbursements from income.

11-A-5.2 Disbursements from principal.

11-A-5.3 Transfers from income to principal for depreciation.

11-A-5.4 Transfers from income to reimburse principal.

11-A-5.5 Income taxes.

11-A-5.6 Adjustments between principal and income because of

taxes.

PART 6. MISCELLANEOUS PROVISIONS
Section 11-A-6.1 Uniformity of application and construction.

11-A-6.2 Severability clause.

11-A-6.3 Effective date.

11-A-6.4 Application of article.