Vermont Statutes
Chapter 118 - Uniform Principal and Income Act
§ 3321. Short title

§ 3321. Short title
This subchapter may be cited as the Uniform Principal and Income Act. (Added 2011, No. 114 (Adj. Sess.), § 1.)

Structure Vermont Statutes

Vermont Statutes

Title 14 - Decedents' Estates and Fiduciary Relations

Chapter 118 - Uniform Principal and Income Act

§ 3321. Short title

§ 3322. Definitions

§ 3323. Fiduciary duties; general principles

§ 3324. Trustee’s power to adjust

§ 3325. Judicial control of discretionary power

§ 3326. Uniformity of application and construction

§ 3327. Severability clause

§ 3331. Determination and distribution of net income

§ 3332. Distribution to residuary and remainder beneficiaries

§ 3341. When right to income begins and ends

§ 3342. Apportionment of receipts and disbursements when decedent dies or income interest begins

§ 3343. Apportionment when income interest ends

§ 3351. Character of receipts

§ 3352. Distribution from trust or estate

§ 3353. Business and other activities conducted by trustee

§ 3354. Principal receipts

§ 3355. Rental property

§ 3356. Obligation to pay money

§ 3357. Insurance policies and similar contracts

§ 3358. Insubstantial allocations not required

§ 3359. Deferred compensation, annuities, and similar payments

§ 3360. Liquidating asset

§ 3361. Minerals, water, and other natural resources

§ 3362. Timber

§ 3363. Property not productive of income

§ 3364. Derivatives and options

§ 3365. Asset-backed securities

§ 3371. Disbursements from income

§ 3372. Disbursements from principal

§ 3373. Transfers from income to principal for depreciation

§ 3374. Transfers from income to reimburse principal

§ 3375. Income taxes

§ 3376. Adjustments between principal and income because of taxes