Texas Statutes
Chapter 116 - Uniform Principal and Income Act
Subchapter D. Allocation of Receipts During Administration of Trust

Part 1. Receipts From Entities

Section 116.151. Character of Receipts - Sec. 116.151. CHARACTER OF RECEIPTS. (a) In this section, "entity"...

Section 116.152. Distribution From Trust or Estate - Sec. 116.152. DISTRIBUTION FROM TRUST OR ESTATE. A trustee shall...

Section 116.153. Business and Other Activities Conducted by Trustee - Sec. 116.153. BUSINESS AND OTHER ACTIVITIES CONDUCTED BY TRUSTEE. (a)...

Part 2. Receipts Not Normally Apportioned

Section 116.161. Principal Receipts - Sec. 116.161. PRINCIPAL RECEIPTS. A trustee shall allocate to principal:...

Section 116.162. Rental Property - Sec. 116.162. RENTAL PROPERTY. To the extent that a trustee...

Section 116.163. Obligation to Pay Money - Sec. 116.163. OBLIGATION TO PAY MONEY. (a) An amount received...

Section 116.164. Insurance Policies and Similar Contracts - Sec. 116.164. INSURANCE POLICIES AND SIMILAR CONTRACTS. (a) Except as...

Part 3. Receipts Normally Apportioned

Section 116.171. Insubstantial Allocations Not Required - Sec. 116.171. INSUBSTANTIAL ALLOCATIONS NOT REQUIRED. If a trustee determines...

Section 116.172. Deferred Compensation, Annuities, and Similar Payments - Sec. 116.172. DEFERRED COMPENSATION, ANNUITIES, AND SIMILAR PAYMENTS. (a) In...

Section 116.173. Liquidating Asset - Sec. 116.173. LIQUIDATING ASSET. (a) In this section, "liquidating asset"...

Section 116.174. Minerals, Water, and Other Natural Resources - Sec. 116.174. MINERALS, WATER, AND OTHER NATURAL RESOURCES. (a) To...

Section 116.175. Timber - Sec. 116.175. TIMBER. (a) To the extent that a trustee...

Section 116.176. Property Not Productive of Income - Sec. 116.176. PROPERTY NOT PRODUCTIVE OF INCOME. (a) If a...

Section 116.177. Derivatives and Options - Sec. 116.177. DERIVATIVES AND OPTIONS. (a) In this section, "derivative"...

Section 116.178. Asset-Backed Securities - Sec. 116.178. ASSET-BACKED SECURITIES. (a) In this section, "asset-backed security"...