There is a newer version of the West Virginia Code
2009 West Virginia Code
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-1-104a Total return unitrust.
- §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-4-402 Distribution from trust or estate.
- §44B-4-403 Business and other activities conducted by trustee.
- §44B-4-405 Rental property.
- §44B-4-406 Obligation to pay money.
- §44B-4-407 Insurance policies and similar contracts.
- §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.
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