Oklahoma Uniform Principal and Income Act | Midpage

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Oklahoma Statutes

Oklahoma Uniform Principal and Income Act

Oklahoma Uniform Principal and Income Act

175.101Short Title 175.102Definitions 175.103Fiduciary Duties - General Principles 175.104Trustee's Power to Adjust 175.201Determination and Distribution of Net Income 175.202Distribution to Residuary and Remainder Beneficiaries 175.301When Right to Income Begins and Ends 175.302Apportionment of Receipts and Disbursements when Decedent Dies or Income Interest Begins 175.303Apportionment when Income Interest Ends 175.401Character of Receipts 175.402Distribution from Trust or Estate 175.403Business and Other Activities Conducted by Trustee 175.404Principal Receipts 175.405Rental Property 175.406Obligation to Pay Money 175.407Insurance Policies and Similar Contracts 175.408Insubstantial Allocations not Required 175.409Deferred Compensation, Annuities, and Similar Payments 175.410Liquidating Asset 175.411Minerals, Water, and other Natural Resources 175.412Timber 175.413Property not Productive of Income 175.414Derivatives and Options 175.415Asset-Backed Securities 175.501Disbursements from Income 175.503Transfers from Income to Principal for Depreciation 175.504Transfers from Income to Reimburse Principal 175.505Income Taxes 175.506Adjustments between Principal and Income because of Taxes 175.601Uniformity of Application and Construction 175.602Application of Act to Existing Trusts and Estates 175.603Effective Dates of Trust