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2023 Code of Virginia
Title 64.2 - Wills, Trusts, and Fiduciaries
Chapter 10.1 - Uniform Fiduciary Income and Principal Act
Article 1. General Provisions
Article 2. Fiduciary Duties and Judicial Review
- § 64.2-1036. Fiduciary duties; general principles
- § 64.2-1037. Judicial review of exercise of discretionary power; request for instruction
- § 64.2-1038. Fiduciary's power to adjust
Article 3. Unitrust
- § 64.2-1039. Definitions
- § 64.2-1040. Application; duties and remedies
- § 64.2-1041. Authority of fiduciary
- § 64.2-1042. Notice
- § 64.2-1043. Unitrust policy
- § 64.2-1044. Unitrust rate
- § 64.2-1045. Applicable value
- § 64.2-1046. Period
- § 64.2-1047. Special tax benefits; other rules
Article 4. Allocation of Receipts: Receipts from Entity
- § 64.2-1048. Character of receipts from entity
- § 64.2-1049. Distribution from trust or estate
- § 64.2-1050. Business or other activity conducted by fiduciary
Article 5. Allocation of Receipts: Receipts Not Normally Apportioned
- § 64.2-1051. Principal receipts
- § 64.2-1052. Rental property
- § 64.2-1053. Receipt on obligation to be paid in money
- § 64.2-1054. Insurance policy or contract
Article 6. Allocation of Receipts: Receipts Normally Apportioned
- § 64.2-1055. Insubstantial allocation not required
- § 64.2-1056. Deferred compensation, annuity, or similar payment
- § 64.2-1057. Liquidating asset
- § 64.2-1058. Minerals, water, and other natural resources
- § 64.2-1059. Timber
- § 64.2-1060. Marital deduction property not productive of income
- § 64.2-1061. Derivative or option
- § 64.2-1062. Asset-backed security
- § 64.2-1063. Other financial instrument or arrangement
Article 7. Allocation of Disbursements
- § 64.2-1064. Disbursement from income
- § 64.2-1065. Disbursement from principal
- § 64.2-1066. Transfer from income to principal for depreciation
- § 64.2-1067. Reimbursement of income from principal
- § 64.2-1068. Reimbursement of principal from income
- § 64.2-1069. Income taxes
- § 64.2-1070. Adjustment between income and principal because of taxes
Article 8. Death of Individual or Termination of Income Interest
- § 64.2-1071. Determination and distribution of net income
- § 64.2-1072. Distribution to successor beneficiary
Article 9. Apportionment at Beginning and End of Income Interest
- § 64.2-1073. When right to income begins and ends
- § 64.2-1074. Apportionment of receipts and disbursements when decedent dies or income interest begins
- § 64.2-1075. Apportionment when income interest ends
Article 10. Miscellaneous Provisions
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