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Mass. Gen. Laws ch. 203D – Principal and Income | Midpage
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Massachusetts General Laws
Part II
Title II
Chapter 203D
Mass. Gen. Laws ch. 203D
Principal and Income
1
Short title
2
Definitions
3
Fiduciary duties; general principles
4
Trustee's power to adjust
5
Judicial control of discretionary powers
6
Determination and distribution of net income
7
Distribution to residuary and remainder beneficiaries
8
When right to income begins and ends
8A
Apportionment of receipts and disbursements when decedent dies or income interest begins
9
Apportionment when income interest ends
10
Character of receipts
11
Distribution from trust or estate
12
Business and other activities conducted by trustee
13
Principal receipts
14
Rental property
15
Obligation to pay money
16
Insurance policies and similar contracts
17
Insubstantial allocations not required
18
Deferred compensation, annuities and similar payments
19
Liquidating asset
20
Minerals, water, and other natural resources
21
Timber
22
Property not productive of income
23
Derivatives and options
24
Asset-backed securities
25
Disbursements from income
26
Disbursements from principal
27
Transfers from income to principal for depreciation
28
Transfers from income to reimburse principal
29
Income taxes