Arkansas Code
Chapter 70 - Uniform Principal And Income Act
Subchapter 4 - Allocation of Receipts During Administration of Trust

Part 1 - Receipts From Entities

§ 28-70-401. Character of receipts - (a) In this section, “entity” means a corporation, partnership, limited...

§ 28-70-402. Distribution from trust or estate - A trustee shall allocate to income an amount received as...

§ 28-70-403. Business and other activities conducted by trustee - (a) If a trustee who conducts a business or other...

Part 2 - Receipts Not Normally Apportioned

§ 28-70-404. Principal receipts - A trustee shall allocate to principal: (1) to the extent...

§ 28-70-405. Rental property - To the extent that a trustee accounts for receipts from...

§ 28-70-406. Obligation to pay money - (a) An amount received as interest, whether determined at a...

§ 28-70-407. Insurance policies and similar contracts - (a) Except as otherwise provided in subsection (b), a trustee...

Part 3 - Receipts Normally Apportioned

§ 28-70-408. Insubstantial allocations not required - If a trustee determines that an allocation between principal and...

§ 28-70-409. Deferred compensation, annuities, and similar payments - (a) In this section: (1) “Payment” means a payment that...

§ 28-70-410. Liquidating asset - (a) In this section, “liquidating asset” means an asset whose...

§ 28-70-411. Minerals, water, and other natural resources - (a) To the extent that a trustee accounts for receipts...

§ 28-70-412. Timber - (a) To the extent that a trustee accounts for receipts...

§ 28-70-413. Property not productive of income - (a) If a marital deduction is allowed for all or...

§ 28-70-414. Derivatives and options - (a) In this section, “derivative” means a contract or financial...

§ 28-70-415. Asset-backed securities - (a) In this section, “asset-backed security” means an asset whose...