There is a newer version of the West Virginia Code
2005 West Virginia Code - CHAPTER 44B. — UNIFORM PRINCIPAL AND INCOME ACT
- CHAPTER 44B. — UNIFORM PRINCIPAL AND INCOME ACT.
- ARTICLE 1. — DEFINITIONS AND FIDUCIARY DUTIES.
- §44B-1-101. — Short title.
- §44B-1-102. — Definitions.
- §44B-1-103. — Fiduciary duties; general principles.
- §44B-1-104. — Trustee's power to adjust.
- §44B-1-105. — Trustee's right to give notice.
- ARTICLE 2. — DECEDENT'S ESTATE OR TERMINATING INCOME INTEREST.
- §44B-2-201. — Determination and distribution of net income.
- §44B-2-202. — Distribution to residuary and remainder beneficiaries.
- ARTICLE 3. — APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST.
- §44B-3-301. — When right to income begins and ends.
- §44B-3-302. — Apportionment of receipts and disbursements when decedent dies or income interest begins.
- §44B-3-303. — Apportionment when income interest ends.
- ARTICLE 4. — ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST.
- §44B-4-401. — Character or receipts.
- §44B-4-402. — Distribution from trust or estate.
- §44B-4-403. — Business and other activities conducted by trustee.
- §44B-4-404. — Principal receipts.
- §44B-4-405. — Rental property.
- §44B-4-406. — Obligation to pay money.
- §44B-4-407. — Insurance policies and similar contracts.
- §44B-4-408. — Insubstantial allocations not required.
- §44B-4-409. — Deferred compensation, annuities and similar payments.
- §44B-4-410. — Liquidating asset.
- §44B-4-411. — Minerals, water and other natural resources.
- §44B-4-412. — Timber.
- §44B-4-413. — Property not productive of income.
- §44B-4-414. — Derivatives and options.
- §44B-4-415. — Asset-backed securities.
- ARTICLE 5. — ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST.
- §44B-5-501. — Disbursements from income.
- §44B-5-502. — Disbursements from principal.
- §44B-5-503. — Transfers from income to principal for depreciation.
- §44B-5-504. — Transfers from income to reimburse principal.
- §44B-5-505. — Income taxes.
- §44B-5-506. — Adjustments between principal and income because of taxes.
- §44B-5-507. — Effect on marital deduction.
- ARTICLE 6. — MISCELLANEOUS PROVISIONS.
- §44B-6-601. — Uniformity of application and construction.
- §44B-6-602. — Severability clause.
- §44B-6-603. — Effective date.
- §44B-6-604. — Application of chapter to existing trusts and estates.
Disclaimer: These codes may not be the most recent version. West Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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