Revised Uniform Principal and Income Act | Midpage

Collections
Arizona Revised Statutes

Article 4

Revised Uniform Principal and Income Act

14-7401Definitions 14-7402Fiduciary duties; general principles 14-7403Trustee's power to adjust 14-7404Judicial control of discretionary powers 14-7405Determination and distribution of net income 14-7406Distribution to residuary and remainder beneficiaries 14-7407When right to income begins and ends 14-7408Apportionment of receipts and disbursements when decedent dies or income interest begins 14-7409Apportionment when income interest ends; definition 14-7410Character of receipts; definition 14-7411Distribution from trust or estate 14-7412Business and other activities conducted by trustee 14-7413Principal receipts 14-7414Rental property 14-7415Obligation to pay money 14-7416Insurance policies and similar contracts 14-7417Insubstantial allocations not required 14-7418Deferred compensation, annuities and similar payments; definition 14-7419Liquidating assets; definition 14-7420Minerals, water and other natural resources 14-7421Timber 14-7422Property not productive of income 14-7423Derivatives and options; definition 14-7424Asset-backed securities; definition 14-7425Disbursements from income 14-7426Disbursements from principal 14-7427Transfers from income to principal for depreciation; definition 14-7428Transfers from income to reimburse principal 14-7429Income taxes 14-7430Adjustments between principal and income because of taxes 14-7431Proposed actions; notification; definition