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Section 45a-471. - (Formerly Sec. 45-213c). Trustee to receive proceeds of pension, retirement, death benefit and profit-sharing plans. - (a) As used in this section, “proceeds” means the proceeds...
Section 45a-472. - Trustee to receive proceeds of pension, retirement, death benefit and profit-sharing plans. - (a) As used in this section, “proceeds” means the proceeds...
Section 45a-473. (Formerly Sec. 45-83). - Bonds of testamentary trustees. - Section 45a-473 is repealed, effective January 1, 2020. (1949 Rev.,...
Section 45a-474. (Formerly Sec. 45-84). - Vacancies in office of trustee. - When a will, trust agreement or other instrument establishing a...
Section 45a-475. (Formerly Sec. 45-85). - Filling of vacancy in town or county trusteeship. Duties of town's successor trustee. - (a) Whenever the trustee of any trust for the use...
Section 45a-476. (Formerly Sec. 45-86). - Legal title vests in trustee appointed to fill vacancy. - When the legal title to any property has vested in...
Section 45a-477. (Formerly Sec. 45-90). - Jurisdiction of Probate Court over trusts administered outside of this state. - Any one or more of the beneficiaries of a trust...
Section 45a-478. (Formerly Sec. 45-87). - Appointment of trustee when person has disappeared. Trustee's rights and duties. Procedure if person reappears. - (a) When any person having property has disappeared so that...
Section 45a-479. (Formerly Sec. 45-92). - Suspension of fiduciary powers during armed forces service. - (a) When any fiduciary of any trust other than a...
Section 45a-480. (Formerly Sec. 45-91). - Income from property acquired by trustee by conveyance or foreclosure when mortgage formerly held by trustee. - In any case in which a trustee holds a mortgage...
Section 45a-481. (Formerly Sec. 45-93). - Distribution by testamentary trustee upon completion of trust. - The trustee of any testamentary trust which has terminated may,...
Section 45a-482. (Formerly Sec. 45-93a). - Distribution of assets of inoperative trust. - When the facts at the time of distribution from an...
Section 45a-483. (Formerly Sec. 45-94). - Settlement of trust estate when beneficiary has been absent seven years. - The trustee of any trust for the benefit of any...
Section 45a-484. (Formerly Sec. 45-79c). - Termination of small trusts. - Section 45a-484 is repealed, effective January 1, 2020. (P.A. 88-95;...
Section 45a-485. - Superior Court or Probate Court jurisdiction to reform instrument to ensure allowance of marital deduction. - (a) If any marital deduction would not be allowed by...
Section 45a-486. - Termination of inter vivos trust when settlor or spouse is an applicant for or recipient of medical assistance. - (a) The provisions of this section shall apply to an...
Section 45a-487 to 45a-487f. - Powers of trustees who are trust beneficiaries. Beneficiary interests in trust matters: Definitions. Representation by holder of power of appointment. Representation by court-appointed conservator or guardian, agent, tr... - Sections 45a-487 to 45a-487f, inclusive, are repealed, effective January 1,...
Section 45a-487j. - Short title: “Connecticut Qualified Dispositions in Trust Act”. - This section and sections 45a-487k to 45a-487s, inclusive, may be...
Section 45a-487k. - Definitions. - As used in this section and sections 45a-487l to 45a-487s,...
Section 45a-487l. - Appointment of trust director by transferor. - (a) Nothing in sections 45a-487j to 45a-487s, inclusive, shall be...
Section 45a-487m. - Qualified trustee; successor. Disposition to more than one trustee. Disposition by trustee who is not qualified. - (a) If a qualified trustee of a trust ceases to...
Section 45a-487n. - Irrevocability of trust instrument. - For purposes of subparagraph (B) of subdivision (10) of section...
Section 45a-487o. - No retained interest of transferor. - A qualified disposition shall be subject to sections 45a-487j to...
Section 45a-487p. - Avoidance of qualified dispositions. - (a) Notwithstanding any provision of the general statutes, no action...
Section 45a-487q. - Persons not subject to qualified dispositions. - Notwithstanding the provisions of section 45a-487p, sections 45a-487j to 45a-487s,...
Section 45a-487r. - Effect of avoidance of qualified dispositions. - (a) A qualified disposition shall be avoided only to the...
Section 45a-487s. - Applicability of sections 45a-487k to 45a-487r to qualified dispositions. - The provisions of this section and sections 45a-487k to 45a-487r,...
Section 45a-487t. - Applicability of rules. - (a) Except as otherwise provided in sections 45a-487j to 45a-487s,...
Section 45a-488. - Division of trust for benefit of beneficiaries. Approval by beneficiaries required. - Section 45a-488 is repealed, effective January 1, 2020. (P.A. 95-82;...
Section 45a-489. - Title and beneficial interest in property held in trust not merged nor trust invalidated, when. - (a) The legal title to and the beneficial interest in...
Section 45a-489a. - Trust to provide for care of animal: Creation. Administration. Jurisdiction. Termination. - (a) A testamentary or inter vivos trust may be created...
Section 45a-490. - Short title: Uniform Statutory Rule Against Perpetuities. - Sections 45a-490 to 45a-496, inclusive, may be cited as the...
Section 45a-491. - Statutory rule against perpetuities. - (a) A nonvested property interest is invalid unless: (1) When...
Section 45a-492. - When nonvested property interest or power of appointment created. - (a) Except as provided in subsections (b) and (c) of...
Section 45a-493. - Reformation. - Upon the petition of an interested person, a court shall...
Section 45a-494. - Exclusions from statutory rule against perpetuities. - The provisions of section 45a-491 do not apply to: (1)...
Section 45a-495. - Prospective application. - (a) Except as extended by subsection (b) of this section,...
Section 45a-496. - Uniformity of application and construction. - Sections 45a-490 to 45a-496, inclusive, shall be applied and construed...
Section 45a-499a. - Short title: “Connecticut Uniform Trust Code”. - This section and sections 45a-499b to 45a-500s, inclusive, may be...
Section 45a-499aa. - Creation of trust induced by fraud, duress or undue influence. - A trust or a provision of a trust is void...
Section 45a-499aaa. - Duty to administer trust. - Upon acceptance of a trusteeship, the trustee shall administer the...
Section 45a-499b. - Scope. - (a) Sections 45a-499a to 45a-500s, inclusive, apply to express trusts,...
Section 45a-499bb. - Evidence of oral trust. - Except as required by any provision of the general statutes...
Section 45a-499bbb. - Duty of loyalty. - (a) A trustee shall administer trust assets solely in the...
Section 45a-499c. - Definitions. - As used in this chapter: (1) “Action”, with respect to...
Section 45a-499cc. - Noncharitable trust without ascertainable beneficiary. - Except as otherwise provided in the general statutes, the following...
Section 45a-499ccc. - Impartiality. - If a trust has two or more beneficiaries, the trustee...
Section 45a-499d. - Knowledge. - (a) Subject to subsection (b) of this section, for the...
Section 45a-499dd. - Modification or termination of trust; proceedings for approval or disapproval. - (a) In addition to the methods of termination prescribed by...
Section 45a-499ddd. - Prudent administration. - A trustee shall administer the trust as a prudent person...
Section 45a-499e. - Default and mandatory rules. - (a) Except as provided in the terms of the trust,...
Section 45a-499ee. - Modification or termination of noncharitable irrevocable trust by consent. - (a) If the court finds that the settlor, the trustee...
Section 45a-499eee. - Delegation by trustee. - (a) A trustee may delegate duties and powers that a...
Section 45a-499f. - Common law of trusts; principles of equity. - The common law of trusts and principles of equity supplement...
Section 45a-499ff. - Modification or termination because of unanticipated circumstances or inability to administer trust effectively. - (a) The court may modify the administrative or dispositive terms...
Section 45a-499fff. - Creditor's claims against settlor. - The settlor of an irrevocable trust shall not be deemed...
Section 45a-499g. - Governing law. - The meaning and effect of the terms of a trust...
Section 45a-499gg. - Cy pres. - Except as otherwise provided in section 45a-499hh, if a particular...
Section 45a-499ggg. - Control and protection of trust property. - A trustee shall take reasonable steps to take control of...
Section 45a-499h. - Principal place of administration. - (a) Without precluding other means for establishing a sufficient connection...
Section 45a-499hh. - Limitation on court authority to apply cy pres. - A provision in the terms of a charitable trust that...
Section 45a-499hhh. - Recordkeeping and identification of trust property. - (a) A trustee shall keep adequate records of the administration...
Section 45a-499i. - Methods and waiver of notice. - (a) Notice to a person under sections 45a-487j to 45a-487t,...
Section 45a-499ii. - Modification or termination of uneconomic trust. - (a) After thirty days' notice to the qualified beneficiaries and...
Section 45a-499iii. - Enforcement and defense of claims. - A trustee shall take reasonable steps to enforce claims of...
Section 45a-499j. - Others treated as qualified beneficiaries. - (a) Whenever notice to qualified beneficiaries of a trust is...
Section 45a-499jj. - Reformation of noncharitable trust to correct mistakes. - The court may reform the terms of a noncharitable trust,...
Section 45a-499jjj. - Collecting trust property. - A trustee shall take reasonable steps to compel a former...
Section 45a-499k. - Nonjudicial settlement agreements. - (a) For the purposes of this section, “interested persons” means...
Section 45a-499kk. - Modification to achieve settlor's tax objectives. - To achieve the settlor's tax objectives, the court may modify...
Section 45a-499kkk. - Trustee's duty to inform and report. - (a) A trustee shall keep the qualified beneficiaries of the...
Section 45a-499l. - Insurable interest of trustee. - A trustee has an insurable interest in the life of...
Section 45a-499ll. - Combination and division of trusts. - (a) After thirty days' notice to the qualified beneficiaries, the...
Section 45a-499lll. - Discretionary powers; tax savings. - (a) Notwithstanding the breadth of discretion granted to a trustee...
Section 45a-499m. - Role of court in administration of trust. - (a) A testamentary trust is subject to continuing judicial supervision....
Section 45a-499mm. - Personal obligations of trustee. - Trust property is not subject to personal obligations of the...
Section 45a-499mmm. - General powers of trustee. - (a) A trustee, without authorization by the court, may exercise:...
Section 45a-499n. - Jurisdiction over trustee and beneficiary. - (a) If a trustee accepts trusteeship of a trust having...
Section 45a-499nn. - Limitations on beneficiary's creditor to attach or compel distribution of property. - (a) For all purposes under this section and section 45a-499mm,...
Section 45a-499nnn. - Specific powers of trustee. - (a) Without limiting the authority conferred by section 45a-499mmm, and...
Section 45a-499o. - Subject matter jurisdiction of Probate Courts and the Superior Court. - (a) Except as provided in subsection (b) of this section,...
Section 45a-499oo. - Revocation or amendment of revocable trust. - (a) Unless the terms of a trust expressly provide that...
Section 45a-499ooo. - Distribution of trust property upon termination. - (a) Upon termination or partial termination of a trust, the...
Section 45a-499p. - Venue. - (a) Process for a proceeding in the Superior Court concerning...
Section 45a-499pp. - Settlor's powers; powers of withdrawal. - (a) To the extent a trust is revocable by a...
Section 45a-499ppp. - Breach of trust. - A violation by a trustee of a duty the trustee...
Section 45a-499q. - Representation: Basic effect. - (a) Notice to a person who may represent and bind...
Section 45a-499qq. - Limitation on action contesting validity of revocable trust; distribution of trust property. - (a) A person may commence a judicial proceeding to contest...
Section 45a-499qqq. - Damages in absence of breach. - (a) A trustee is accountable to an affected beneficiary for...
Section 45a-499r. - Representation by holder of general testamentary power of appointment. - To the extent there is no conflict of interest between...
Section 45a-499rr. - Accepting or declining trusteeship. - (a) Except as provided in subsection (c) of this section,...
Section 45a-499rrr. - Limitation of action against trustee. - (a) A beneficiary may not commence a proceeding against a...
Section 45a-499s. - Representation by fiduciaries, parents and persons having substantially identical interests. - (a) To the extent there is no conflict of interest...
Section 45a-499ss. - Trustee's bond. - (a) A trustee shall give bond to secure performance of...
Section 45a-499sss. - Reliance on trust instrument. - A trustee who acts in reasonable reliance on the terms...
Section 45a-499t. - Appointment of representative. - (a) If the court determines that an interest is not...
Section 45a-499tt. - Cotrustees. - (a) Cotrustees who are unable to reach a unanimous decision...
Section 45a-499ttt. - Event affecting administration or distribution. - If an event, including marriage, divorce, performance of educational requirements...
Section 45a-499u. - Designated representative. - (a) The trust instrument may (1) designate one or more...
Section 45a-499uu. - Vacancy in trusteeship; appointment of successor. - (a) A vacancy in a trusteeship occurs if: (1) A...
Section 45a-499uuu. - Exculpation of trustee. - (a) A term of a trust relieving a trustee of...
Section 45a-499v. - Methods of creating trust. - A trust may be created by: (1) Transfer of property...
Section 45a-499vv. - Resignation of trustee. - (a) A trustee of an inter vivos trust may resign...
Section 45a-499vvv. - Beneficiary's consent, release or ratification. - (a) A trustee is not liable to a beneficiary for...
Section 45a-499w. - Requirements for creation. - (a) A trust is created only if: (1) The settlor...
Section 45a-499ww. - Removal of trustee. - (a) The settlor of a noncharitable trust, the settlor of...
Section 45a-499www. - Limitation on personal liability of trustee. - (a) Except as otherwise provided in the contract, a trustee...
Section 45a-499x. - Trusts created in other jurisdictions. - An inter vivos trust is validly created if its creation...
Section 45a-499xx. - Delivery of property by former trustee. - (a) Unless a cotrustee remains in office or the court...
Section 45a-499xxx. - Interest as general partner. - (a) Except as provided in subsection (c) of this section...
Section 45a-499y. - Trust purposes. - A trust may be created only to the extent its...
Section 45a-499yy. - Compensation of trustee. - (a) If the terms of a trust do not specify...
Section 45a-499yyy. - Protection of person dealing with trustee. - (a) A person other than a beneficiary who in good...
Section 45a-499z. - Charitable purposes; enforcement; conversion to new entity. - (a) A charitable trust may be created for the relief...
Section 45a-499zz. - Reimbursement of expenses. - (a) A trustee is entitled to be reimbursed out of...
Section 45a-499zzz. - Certification of trust. - (a) Instead of furnishing a copy of the trust instrument...
Section 45a-500. - Uniformity of application and construction of trust. - In applying and construing the uniform provisions of sections 45a-499a...
Section 45a-500a. - Severability clause. - If any provision of this section or sections 45a-499a to...
Section 45a-500b. - Short title: Connecticut Uniform Directed Trust Act. - This section and sections 45a-500c to 45a-500s, inclusive, may be...
Section 45a-500c. - Application; principal place of administration. - Sections 45a-500b to 45a-500s, inclusive, apply to a trust, whenever...
Section 45a-500d. - Common law and principles of equity. - The common law and principles of equity supplement sections 45a-500b...
Section 45a-500e. - Exclusions. - (a) As used in this section, “power of appointment” means...
Section 45a-500f. - Powers of trust director. - (a) Subject to section 45a-500g, the terms of a trust...
Section 45a-500g. - Limitations on trust director. - A trust director is subject to the same rules as...
Section 45a-500h. - Duty and liability of trust director. - (a) Subject to the provisions of subsection (b) of this...
Section 45a-500i. - Duty and liability of directed trustee. - (a) Subject to the provisions of subsection (b) of this...
Section 45a-500j. - Duty to provide information to trust director or trustee. - (a) Subject to the provisions of section 45a-500k, a trustee...
Section 45a-500k. - No duty to monitor, inform or advise. - (a) Unless the terms of a trust provide otherwise: (1)...
Section 45a-500l. - Application to cotrustee. - The terms of a trust may relieve a cotrustee from...
Section 45a-500m. - Limitation of action against trust director. - (a) An action against a trust director for breach of...
Section 45a-500n. - Defenses in action against trust director. - In an action against a trust director for breach of...
Section 45a-500o. - Jurisdiction over trust director. - (a) By accepting appointment as a trust director of a...
Section 45a-500p. - Office of trust director. - Unless the terms of a trust provide otherwise, the rules...
Section 45a-500q. - Uniformity of application and construction. - In applying and construing the uniform provisions of sections 45a-500b...
Section 45a-500r. - Relation to Electronic Signatures in Global and National Commerce Act. - Sections 45a-500b to 45a-500s, inclusive, modify, limit and supersede the...
Section 45a-500s. - Application of Connecticut Uniform Directed Trust Act with respect to federal act. - The provisions of this section and sections 45a-500b to 45a-500r,...
Section 45a-502. (Formerly Sec. 45-96a). - “Majority” defined for trusts executed prior to October 1, 1972. - When the word “majority” is used in a will or...
Section 45a-503. (Formerly Sec. 45-95). - Rule against perpetuities. “Second look” doctrine. - In applying the rule against perpetuities to an interest in...
Section 45a-504. (Formerly Sec. 45-96). - Reduction of age contingency to preserve interest. - If an interest in real or personal property created before...
Section 45a-505. (Formerly Sec. 45-97). - Fee simple determinable or subject to right of entry to become absolute, when. - A fee simple determinable in land or a fee simple...
Section 45a-506. (Formerly Sec. 45-98). - Limitations not invalidated, when. - Except as provided in the first sentence of section 45a-505,...
Section 45a-507. (Formerly Sec. 45-99). - Application of rule. - Sections 45a-502 to 45a-506, inclusive, shall apply only to inter...
Section 45a-508. (Formerly Sec. 45-100). - Exemption of certain employees' trust funds from the rule against perpetuities. - A trust created by an employer as part of a...
Section 45a-514. (Formerly Sec. 45-79). - Charitable trusts. - Any charitable trust or use created in writing or by...
Section 45a-515. (Formerly Sec. 45-80). - Charitable uses determined by trustee, when. - Any person may, by will, deed or other instrument, give,...
Section 45a-516. (Formerly Sec. 45-81). - Gifts to charitable community trust. - Any person may incorporate by reference in any will, deed...
Section 45a-517. (Formerly Sec. 45-82). - Community trustees to render annual accounts. Hearing on adjustment and allowance. - (a) The trustee or trustees of any charitable community trust...
Section 45a-519. (Formerly Sec. 45-79a). - Superior Court or Probate Court jurisdiction to reform instruments to federal tax requirements. - (a) If any deduction under Section 170, Section 2055 or...
Section 45a-520. (Formerly Sec. 45-79b). - Termination of charitable trusts. - (a) As used in this section: (1) “Charitable beneficiary” and...
Section 45a-521. - Superior Court or Probate Court jurisdiction to reform charitable remainder unitrust re payment. - (a) Upon a petition filed within the period specified in...
Section 45a-526 to 45a-529. (Formerly Secs. 45-100h to 45-100k). - Short title: Uniform Management of Institutional Funds Act. Definitions. Expenditure of net appreciation, standards. Exception and restriction on expenditure of net appreciation; cons... - Sections 45a-526 to 45a-529, inclusive, are repealed, effective April 29,...
Section 45a-529a and 45a-529b. - Accumulation of annual net income, standards. Exception and restriction on accumulation of annual net income; construction. - Sections 45a-529a and 45a-529b are repealed, effective April 29, 2008....
Section 45a-530 to 45a-534. (Formerly Secs. 45-100l to 45-100p). - Investment of institutional funds. Delegation of powers of investment. Standards applicable to actions of governing board. Release of restriction in gift instrument: Written consent,... - Sections 45a-530 to 45a-534, inclusive, are repealed, effective April 29,...
Section 45a-535. - Short title: Uniform Prudent Management of Institutional Funds Act. - Sections 45a-535 to 45a-535i, inclusive, may be cited as the...
Section 45a-535a. - Definitions. - As used in sections 45a-535 to 45a-535i, inclusive, unless the...
Section 45a-535b. - Standard of conduct in managing and investing institutional funds. - (a) Subject to the intent of a donor expressed in...
Section 45a-535c. - Appropriation for expenditure or accumulation of endowment fund. Factors in making a determination to appropriate or accumulate. Rules of construction. - (a) Subject to the intent of a donor expressed in...
Section 45a-535d. - Delegation of management and investment of institutional fund. - (a) Subject to any specific limitation set forth in a...
Section 45a-535e. - Release or modification of restrictions contained in gift instrument on management, investment or purpose of institutional fund. - (a) With the donor's consent in a record, an institution...
Section 45a-535f. - Determination of compliance with act. - Compliance with sections 45a-535 to 45a-535i, inclusive, is determined in...
Section 45a-535g. - Application to existing institutional funds. - Sections 45a-535 to 45a-535i, inclusive, apply to institutional funds existing...
Section 45a-535h. - Relation of act to Electronic Signatures in Global and National Commerce Act. - Sections 45a-535 to 45a-535i, inclusive, modify, limit and supersede the...
Section 45a-535i. - Uniformity of application and construction of act. - In applying and construing sections 45a-535 to 45a-535h, inclusive, consideration...
Section 45a-540. (Formerly Secs. 45-100a to 45-100c). - Powers in trust instruments act. - Sections 45-100a to 45-100c, inclusive, are repealed, except said sections...
Section 45a-541. - Short title: Connecticut Uniform Prudent Investor Act. - Sections 45a-541 to 45a-541l, inclusive, may be cited as the...
Section 45a-541a. - Prudent investor rule. - (a) Except as provided in subsection (b) of this section,...
Section 45a-541b. - Standard of care. Portfolio strategy. Risk and return objectives. - (a) A trustee shall invest and manage trust assets as...
Section 45a-541c. - Diversification. - A trustee shall diversify the investments of the trust unless...
Section 45a-541d. - Duties at inception of trusteeship. - Within a reasonable time after accepting a trusteeship or receiving...
Section 45a-541e. - Loyalty. - A trustee shall invest and manage the trust assets solely...
Section 45a-541f. - Impartiality. - If a trust has two or more beneficiaries, the trustee...
Section 45a-541g. - Investment costs. - In investing and managing trust assets, a trustee may only...
Section 45a-541h. - Reviewing compliance. - The prudent investor rule expresses a standard of conduct, not...
Section 45a-541i. - Delegation of investment and management functions. - (a) A trustee may delegate investment and management functions that...
Section 45a-541j. - Language invoking standards of act. - The following terms or comparable language in a trust instrument,...
Section 45a-541k. - Uniformity of application and construction. - Sections 45a-541 to 45a-541l, inclusive, shall be applied and construed...
Section 45a-541l. - Applicability. - Sections 45a-541 to 45a-541l, inclusive, apply to trusts existing on...
Section 45a-542. - Short title: Connecticut Principal and Income Act. - Sections 45a-542 to 45a-542ff, inclusive, may be cited as the...
Section 45a-542a. - Definitions. - As used in sections 45a-542 to 45a-542ff, inclusive: (1) “Accounting...
Section 45a-542aa. - Transfers from income to reimburse principal. - (a) If a trustee makes or expects to make a...
Section 45a-542b. - Fiduciary duties. - (a) In allocating receipts and disbursements to or between principal...
Section 45a-542bb. - Income taxes. - (a) A tax required to be paid by a trustee...
Section 45a-542c. - Trustee's power to adjust. - (a) A trustee may adjust between principal and income to...
Section 45a-542cc. - Adjustments between principal and income as result of taxes. - (a) A fiduciary may make adjustments between principal and income...
Section 45a-542d. - Determination and distribution of income interest of decedent's estate or in trust after trust ends. - After a decedent dies, in the case of an estate,...
Section 45a-542dd. - Uniformity of application and construction. - In applying and construing sections 45a-542 to 45a-542ff, inclusive, consideration...
Section 45a-542e. - Distribution to beneficiaries. - (a) Each beneficiary described in subdivision (4) of section 45a-542d...
Section 45a-542ee. - Severability clause. - If any provision of sections 45a-542 to 45a-542ff, inclusive, or...
Section 45a-542f. - Right to income. - (a) An income beneficiary is entitled to net income from...
Section 45a-542ff. - Application to existing trust or decedent's estate. - Sections 45a-542 to 45a-542ff, inclusive, apply to every trust or...
Section 45a-542g. - Apportionment of receipts and disbursements when decedent dies or interest income begins. - (a) A trustee shall allocate an income receipt or disbursement...
Section 45a-542h. - Apportionment when income interest ends. - (a) In this section, “undistributed income” means net income received...
Section 45a-542i. - Character of receipts. - (a) In this section, “entity” means a corporation, partnership, limited...
Section 45a-542j. - Distribution from trust or estate. - A trustee shall allocate to income an amount received as...
Section 45a-542k. - Business and other activities conducted by trustee. - (a) If a trustee who conducts a business or other...
Section 45a-542l. - Principal receipts. - A trustee shall allocate to principal: (1) To the extent...
Section 45a-542m. - Rental property. - To the extent that a trustee accounts for receipts from...
Section 45a-542n. - Obligation to pay money. - (a) An amount received as interest, whether determined at a...
Section 45a-542o. - Insurance policies and similar contracts. - (a) Except as otherwise provided in subsection (b) of this...
Section 45a-542p. - Insubstantial allocations not required. - If a trustee determines that an allocation between principal and...
Section 45a-542q. - Deferred compensation, annuities and similar payments. Separate funds. - (a) In this section: (1) “Payment” means a payment that...
Section 45a-542r. - Liquidating asset. - (a) In this section, “liquidating asset” means an asset whose...
Section 45a-542s. - Minerals, water and other natural resources. - (a) To the extent that a trustee accounts for receipts...
Section 45a-542t. - Timber. - (a) To the extent that a trustee accounts for receipts...
Section 45a-542u. - Property not productive of income. - (a) If a marital deduction is allowed for all or...
Section 45a-542v. - Derivatives and options. - (a) In this section, “derivative” means a contract or financial...
Section 45a-542w. - Asset-backed securities. - (a) In this section, “asset-backed security” means an asset whose...
Section 45a-542x. - Disbursements from income. - A trustee shall make the following disbursements from income to...
Section 45a-542y. - Disbursements from principal. - (a) A trustee shall make the following disbursements from principal:...
Section 45a-542z. - Transfers from income to principal for depreciation. - (a) In this section, “depreciation” means a reduction in value...
Section 45a-543. - Determination by court re abuse of discretion by fiduciary. - (a) A court shall not change a fiduciary's decision to...