Vermont Statutes
Chapter 118 - Uniform Principal and Income Act
§ 3326. Uniformity of application and construction

§ 3326. Uniformity of application and construction
In applying and construing this chapter, consideration shall be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it. (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