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Part 1: POWERS OF TRUSTEES
18-C §7-101. Prohibitions and requirements applicable to trusts that are private foundations - §7-101. Prohibitions and requirements applicable to trusts that are private...
18-C §7-102. Trustees authorized to invest trust funds in affiliated investments; limitations - §7-102. Trustees authorized to invest trust funds in affiliated investments;...
18-C §7-103. Qualification of foreign trustee - §7-103. Qualification of foreign trustee A foreign corporate trustee is...
Part 2: COMMON TRUST FUNDS
18-C §7-201. Definitions; establishment of common trust funds - §7-201. Definitions; establishment of common trust funds 1. Definitions. As...
18-C §7-202. Court accountings - §7-202. Court accountings Unless ordered by decree of the Superior...
18-C §7-203. Application of Part - §7-203. Application of Part This Part applies to fiduciary relationships...
Part 3: BANK AND TRUST COMPANY NOMINEES
18-C §7-301. Registration in name of nominees - §7-301. Registration in name of nominees A state or national...
18-C §7-302. Separate records - §7-302. Separate records The records of a bank or trust...
18-C §7-303. Applicability of provisions - §7-303. Applicability of provisions This Part governs fiduciaries and cofiduciaries...
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...