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Connecticut Uniform Principal and Income Act | Midpage
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Connecticut General Statutes
Title 45a
Chapter 802c
Part VIII
Connecticut Uniform Principal and Income Act
45a-542
Short title: Connecticut Principal and Income Act.
45a-542a
Definitions.
45a-542b
Fiduciary duties.
45a-542c
Trustee's power to adjust.
45a-542d
Determination and distribution of income interest of decedent's estate or in trust after trust ends.
45a-542e
Distribution to beneficiaries.
45a-542f
Right to income.
45a-542g
Apportionment of receipts and disbursements when decedent dies or interest income begins.
45a-542h
Apportionment when income interest ends.
45a-542i
Character of receipts.
45a-542j
Distribution from trust or estate.
45a-542k
Business and other activities conducted by trustee.
45a-542l
Principal receipts.
45a-542m
Rental property.
45a-542n
Obligation to pay money.
45a-542o
Insurance policies and similar contracts.
45a-542p
Insubstantial allocations not required.
45a-542q
Deferred compensation, annuities and similar payments. Separate funds.
45a-542r
Liquidating asset.
45a-542s
Minerals, water and other natural resources.
45a-542t
Timber.
45a-542u
Property not productive of income.
45a-542v
Derivatives and options.
45a-542w
Asset-backed securities.
45a-542x
Disbursements from income.
45a-542y
Disbursements from principal.
45a-542z
Transfers from income to principal for depreciation.
45a-542aa
Transfers from income to reimburse principal.
45a-542bb
Income taxes.
45a-542cc
Adjustments between principal and income as result of taxes.
45a-542dd
Uniformity of application and construction.
45a-542ee
Severability clause.
45a-542ff
Application to existing trust or decedent's estate.
45a-543
Determination by court re abuse of discretion by fiduciary.
45a-544 and 45a-545
Conn. Gen. Stat. § 45a-544 and 45a-545