There is a newer version of the Utah Code
2011 Utah Code
Title 22 Fiduciaries and Trusts
Chapter 3 Uniform Principal and Income Act
- Section 101 Title.
- Section 102 Definitions.
- Section 103 Fiduciary duties -- General principles.
- Section 104 Trustee's power to adjust.
- Section 105 Judicial control of discretionary power.
- Section 106 Adjustments.
- Section 107 Notice of proposed action -- Objections by beneficiary -- Liability of trustee -- Proceedings.
- Section 201 Determination and distribution of net income.
- Section 202 Distribution to residuary and remainder beneficiaries.
- Section 301 When right to income begins and ends.
- Section 302 Apportionment of receipts and disbursements when decedent dies or income interest begins.
- Section 303 Apportionment when income interest ends.
- Section 401 Receipts from entities -- Character of receipts.
- Section 402 Receipts from entities -- Distribution from trust or estate.
- Section 403 Receipts from entities -- Business and other activities conducted by trustee.
- Section 404 Receipts not normally apportioned -- Principal receipts.
- Section 405 Receipts not normally apportioned -- Rental property.
- Section 406 Receipts not normally apportioned -- Obligation to pay money.
- Section 407 Receipts not normally apportioned -- Insurance policies and similar contracts.
- Section 408 Receipts normally apportioned -- Insubstantial allocations not required.
- Section 409 Receipts normally apportioned -- Deferred compensation, annuities, and similar payments.
- Section 410 Receipts normally apportioned -- Liquidating asset.
- Section 411 Receipts normally apportioned -- Minerals, water, and other natural resources.
- Section 412 Receipts normally apportioned -- Timber.
- Section 413 Receipts normally apportioned -- Property not productive of income.
- Section 414 Receipts normally apportioned -- Derivatives and options.
- Section 415 Receipts normally apportioned -- Asset-backed securities.
- Section 501 Disbursements from income.
- Section 502 Disbursements from principal.
- Section 503 Transfers from income to principal for depreciation.
- Section 504 Transfers from income to reimburse principal.
- Section 505 Income taxes.
- Section 506 Adjustments between principal and income because of taxes.
- Section 601 Uniformity of application and construction.
- Section 602 Severability clause.
- Section 603 Application of chapter to existing trusts and estates.
- Section 604 Transitional provisions.
Disclaimer: These codes may not be the most recent version. Utah 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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