Idaho Code
Title 68 - TRUSTS AND FIDUCIARIES
Chapter 10 - UNIFORM PRINCIPAL AND INCOME ACT

Part 1 - DEFINITIONS AND FIDUCIARY DUTIES

Section 68-10-101 - SHORT TITLE. - 68-10-101. SHORT TITLE. This chapter may be cited as the...

Section 68-10-102 - DEFINITIONS. - 68-10-102. DEFINITIONS. In this chapter: (1) "Accounting period" means a...

Section 68-10-103 - FIDUCIARY DUTIES — GENERAL PRINCIPLES. - 68-10-103. FIDUCIARY DUTIES — GENERAL PRINCIPLES. (a) In allocating receipts...

Section 68-10-104 - TRUSTEE’S POWER TO ADJUST. - 68-10-104. TRUSTEE’S POWER TO ADJUST. (a) A trustee may adjust...

Section 68-10-105 - NOTICE OF PROPOSED ACTION. - 68-10-105. NOTICE OF PROPOSED ACTION. (a) A trustee may give...

Part 2 - DECEDENT’S ESTATE OR TERMINATING INCOME INTEREST

Section 68-10-201 - DETERMINATION AND DISTRIBUTION OF NET INCOME. - 68-10-201. DETERMINATION AND DISTRIBUTION OF NET INCOME. After a decedent...

Section 68-10-202 - DISTRIBUTION TO RESIDUARY AND REMAINDER BENEFICIARIES. - 68-10-202. DISTRIBUTION TO RESIDUARY AND REMAINDER BENEFICIARIES. (a) Each beneficiary...

Part 3 - APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST

Section 68-10-301 - WHEN RIGHT TO INCOME BEGINS AND ENDS. - 68-10-301. WHEN RIGHT TO INCOME BEGINS AND ENDS. (a) An...

Section 68-10-302 - APPORTIONMENT OF RECEIPTS AND DISBURSEMENTS WHEN DECEDENT DIES OR INCOME INTEREST BEGINS. - 68-10-302. APPORTIONMENT OF RECEIPTS AND DISBURSEMENTS WHEN DECEDENT DIES OR...

Section 68-10-303 - APPORTIONMENT WHEN INCOME INTEREST ENDS. - 68-10-303. APPORTIONMENT WHEN INCOME INTEREST ENDS. (a) In this section,...

Part 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST

Section 68-10-401 - CHARACTER OF RECEIPTS. - 68-10-401. CHARACTER OF RECEIPTS. (a) In this section, "entity" means...

Section 68-10-402 - DISTRIBUTION FROM TRUST OR ESTATE. - 68-10-402. DISTRIBUTION FROM TRUST OR ESTATE. A trustee shall allocate...

Section 68-10-403 - BUSINESS AND OTHER ACTIVITIES CONDUCTED BY TRUSTEE. - 68-10-403. BUSINESS AND OTHER ACTIVITIES CONDUCTED BY TRUSTEE. (a) If...

Section 68-10-404 - PRINCIPAL RECEIPTS. - 68-10-404. PRINCIPAL RECEIPTS. A trustee shall allocate to principal: (1)...

Section 68-10-405 - RENTAL PROPERTY. - 68-10-405. RENTAL PROPERTY. To the extent that a trustee accounts...

Section 68-10-406 - OBLIGATION TO PAY MONEY. - 68-10-406. OBLIGATION TO PAY MONEY. (a) An amount received as...

Section 68-10-407 - INSURANCE POLICIES AND SIMILAR CONTRACTS. - 68-10-407. INSURANCE POLICIES AND SIMILAR CONTRACTS. (a) Except as otherwise...

Section 68-10-408 - INSUBSTANTIAL ALLOCATIONS NOT REQUIRED. - 68-10-408. INSUBSTANTIAL ALLOCATIONS NOT REQUIRED. If a trustee determines that...

Section 68-10-409 - DEFERRED COMPENSATION, ANNUITIES, AND SIMILAR PAYMENTS. - 68-10-409. DEFERRED COMPENSATION, ANNUITIES, AND SIMILAR PAYMENTS. (a) In this...

Section 68-10-410 - LIQUIDATING ASSET. - 68-10-410. LIQUIDATING ASSET. (a) In this section, "liquidating asset" means...

Section 68-10-411 - MINERALS, WATER AND OTHER NATURAL RESOURCES. - 68-10-411. MINERALS, WATER AND OTHER NATURAL RESOURCES. (a) To the...

Section 68-10-412 - TIMBER. - 68-10-412. TIMBER. (a) To the extent that a trustee accounts...

Section 68-10-413 - PROPERTY NOT PRODUCTIVE OF INCOME. - 68-10-413. PROPERTY NOT PRODUCTIVE OF INCOME. (a) If a marital...

Section 68-10-414 - DERIVATIVES AND OPTIONS. - 68-10-414. DERIVATIVES AND OPTIONS. (a) In this section, "derivative" means...

Section 68-10-415 - ASSET-BACKED SECURITIES. - 68-10-415. ASSET-BACKED SECURITIES. (a) In this section, "asset-backed security" means...

Part 5 - ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST

Section 68-10-501 - DISBURSEMENTS FROM INCOME. - 68-10-501. DISBURSEMENTS FROM INCOME. A trustee shall make the following...

Section 68-10-502 - DISBURSEMENTS FROM PRINCIPAL. - 68-10-502. DISBURSEMENTS FROM PRINCIPAL. (a) A trustee shall make the...

Section 68-10-503 - TRANSFERS FROM INCOME TO PRINCIPAL FOR DEPRECIATION. - 68-10-503. TRANSFERS FROM INCOME TO PRINCIPAL FOR DEPRECIATION. (a) In...

Section 68-10-504 - TRANSFERS FROM INCOME TO REIMBURSE PRINCIPAL. - 68-10-504. TRANSFERS FROM INCOME TO REIMBURSE PRINCIPAL. (a) If a...

Section 68-10-505 - INCOME TAXES. - 68-10-505. INCOME TAXES. (a) A tax required to be paid...

Section 68-10-506 - ADJUSTMENTS BETWEEN PRINCIPAL AND INCOME BECAUSE OF TAXES. - 68-10-506. ADJUSTMENTS BETWEEN PRINCIPAL AND INCOME BECAUSE OF TAXES. (a)...

Part 6 - MISCELLANEOUS PROVISIONS

Section 68-10-601 - UNIFORMITY OF APPLICATION AND CONSTRUCTION. - 68-10-601. UNIFORMITY OF APPLICATION AND CONSTRUCTION. In applying and construing...

Section 68-10-602 - SEVERABILITY CLAUSE. - 68-10-602. SEVERABILITY CLAUSE. If any provision of this chapter or...

Section 68-10-603 - [RESERVED.] - 68-10-603. [RESERVED.] History: [68-10-603, added 2001, ch. 261, sec. 2,...

Section 68-10-604 - [RESERVED.] - 68-10-604. [RESERVED.] History: [68-10-604, added 2001, ch. 261, sec. 2,...

Section 68-10-605 - APPLICATION OF CHAPTER TO EXISTING TRUSTS AND ESTATES. - 68-10-605. APPLICATION OF CHAPTER TO EXISTING TRUSTS AND ESTATES. This...