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Section 129.200 - UPIA 101. Short title. - Note: Section 34, chapter 279, Oregon Laws 2003, provides: Sec....
Section 129.205 - UPIA 102. Definitions. - (1) "Accounting period" means a calendar year unless another 12-month...
Section 129.210 - UPIA 103. Fiduciary duties; general principles. - (a) Shall administer a trust or estate in accordance with...
Section 129.215 - UPIA 104. Trustee’s power to adjust. - (2) In deciding whether and to what extent to exercise...
Section 129.220 - UPIA 105. Judicial control of discretionary power. - (2) The decisions to which subsection (1) of this section...
Section 129.225 - Conversion to unitrust. - (2)(a) Unless expressly prohibited by the terms of the trust,...
Section 129.250 - UPIA 201. Determination and distribution of net income. - (1) A fiduciary of an estate or of a terminating...
Section 129.255 - UPIA 202. Distribution to residuary and remainder beneficiaries. - (2) In determining a beneficiary’s share of net income, the...
Section 129.270 - UPIA 301. When right to income begins and ends. - (2) An asset becomes subject to a trust: (a) On...
Section 129.275 - UPIA 302. Apportionment of receipts and disbursements when decedent dies or income interest begins. - (2) A trustee shall allocate an income receipt or disbursement...
Section 129.280 - UPIA 303. Apportionment when income interest ends. - (2) When a mandatory income interest ends, the trustee shall...
Section 129.300 - UPIA 401. Character of receipts. - (2) Except as otherwise provided in this section, a trustee...
Section 129.308 - UPIA 403. Business and other activities conducted by trustee. - (2) A trustee who accounts separately for a business or...
Section 129.310 - UPIA 404. Principal receipts. - (1) To the extent not allocated to income under this...
Section 129.320 - UPIA 406. Obligation to pay money. - (2) A trustee shall allocate to principal an amount received...
Section 129.325 - UPIA 407. Insurance policies and similar contracts. - (2) A trustee shall allocate to income proceeds of a...
Section 129.350 - UPIA 408. Insubstantial allocations not required. - (1) The amount of the allocation would increase or decrease...
Section 129.355 - UPIA 409. Deferred compensation, annuities and similar payments. - (a) "Payment" means a payment that a trustee may receive...
Section 129.360 - UPIA 410. Liquidating asset. - (2) A trustee shall allocate to income 10 percent of...
Section 129.365 - UPIA 411. Minerals, water and other natural resources. - (a) If received as nominal delay rental or nominal annual...
Section 129.370 - UPIA 412. Timber. - (a) To income to the extent that the amount of...
Section 129.375 - UPIA 413. Property not productive of income. - (2) In cases not governed by subsection (1) of this...
Section 129.380 - UPIA 414. Derivatives and options. - (2) To the extent that a trustee does not account...
Section 129.385 - UPIA 415. Asset-backed securities. - (2) If a trust receives a payment from interest or...
Section 129.400 - UPIA 501. Disbursements from income. - (a) Except as provided in subsection (2) of this section,...
Section 129.405 - UPIA 502. Disbursements from principal. - (a) The remaining portions of the disbursements described in ORS...
Section 129.410 - UPIA 503. Transfers from income to principal for depreciation. - (2) A trustee may transfer to principal a reasonable amount...
Section 129.415 - UPIA 504. Transfers from income to reimburse principal. - (2) Principal disbursements to which subsection (1) of this section...
Section 129.420 - UPIA 505. Income taxes. - (2) A tax required to be paid by a trustee...
Section 129.425 - UPIA 506. Adjustments between principal and income because of taxes. - (a) Elections and decisions, other than those described in subsection...