Maine Revised Statutes
Article 7: TRUST ADMINISTRATION
Part 4: UNIFORM PRINCIPAL AND INCOME ACT OF 1997

Subpart 1: DEFINITIONS AND FIDUCIARY DUTIES

18-C §7-401. Short title - §7-401. Short title This Part may be cited as the...

18-C §7-402. Definitions - §7-402. Definitions As used in this Part, unless the context...

18-C §7-403. Fiduciary duties; general principles - §7-403. Fiduciary duties; general principles 1. Allocating receipts and disbursements....

18-C §7-404. Trustee's power to adjust - §7-404. Trustee's power to adjust 1. Power to adjust between...

18-C §7-405. Power to convert to unitrust - §7-405. Power to convert to unitrust 1. Convert to unitrust;...

18-C §7-406. Judicial review of discretionary powers - §7-406. Judicial review of discretionary powers 1. Court determination of...

Subpart 2: DECEDENT'S ESTATE OR TERMINATING INCOME INTEREST

18-C §7-421. Determination and distribution of net income - §7-421. Determination and distribution of net income After a decedent...

18-C §7-422. Distribution to residuary and remainder beneficiaries - §7-422. Distribution to residuary and remainder beneficiaries 1. Distribution based...

Subpart 3: APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST

18-C §7-431. When right to income begins and ends - §7-431. When right to income begins and ends 1. Beginning...

18-C §7-432. Apportionment of receipts and disbursements when decedent dies or income interest begins - §7-432. Apportionment of receipts and disbursements when decedent dies or...

18-C §7-433. Apportionment when income interest ends - §7-433. Apportionment when income interest ends 1. Undistributed income. As...

Subpart 4: ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST

18-C §7-441. Character of receipts - §7-441. Character of receipts 1. Entity. As used in this...

18-C §7-442. Distribution from trust or estate - §7-442. Distribution from trust or estate A trustee shall allocate...

18-C §7-443. Business and other activities conducted by trustee - §7-443. Business and other activities conducted by trustee 1. Separate...

18-C §7-444. Principal receipts - §7-444. Principal receipts A trustee shall allocate to principal: [PL...

18-C §7-445. Rental property - §7-445. Rental property To the extent that a trustee accounts...

18-C §7-446. Obligation to pay money - §7-446. Obligation to pay money 1. Interest on obligation to...

18-C §7-447. Insurance policies and similar contracts - §7-447. Insurance policies and similar contracts 1. Trust, trustee as...

18-C §7-448. Insubstantial allocations not required - §7-448. Insubstantial allocations not required If a trustee determines that...

18-C §7-449. Deferred compensation, annuities and similar payments - §7-449. Deferred compensation, annuities and similar payments 1. Definitions. As...

18-C §7-450. Liquidating asset - §7-450. Liquidating asset 1. Liquidating asset. As used in this...

18-C §7-451. Minerals, water and other natural resources - §7-451. Minerals, water and other natural resources 1. Allocation of...

18-C §7-452. Timber - §7-452. Timber 1. Allocation of net receipts. To the extent...

18-C §7-453. Property not productive of income - §7-453. Property not productive of income 1. Income to obtain...

18-C §7-454. Derivatives and options - §7-454. Derivatives and options 1. Derivative. As used in this...

18-C §7-455. Asset-backed securities - §7-455. Asset-backed securities 1. Asset-backed security. As used in this...

Subpart 5: ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST

18-C §7-461. Disbursements from income - §7-461. Disbursements from income A trustee shall make the following...

18-C §7-462. Disbursements from principal - §7-462. Disbursements from principal 1. Required disbursements. A trustee shall...

18-C §7-463. Transfers from income to principal for depreciation - §7-463. Transfers from income to principal for depreciation 1. Depreciation....

18-C §7-464. Transfers from income to reimburse principal - §7-464. Transfers from income to reimburse principal 1. Transfer to...

18-C §7-465. Income taxes - §7-465. Income taxes 1. Tax based on receipts allocated to...

18-C §7-466. Adjustments between principal and income because of taxes - §7-466. Adjustments between principal and income because of taxes 1....

Subpart 6: MISCELLANEOUS PROVISIONS

18-C §7-471. Uniformity of application and construction - §7-471. Uniformity of application and construction In applying and construing...

18-C §7-472. Application of Part to all trusts and estates - §7-472. Application of Part to all trusts and estates This...