The Vermont Statutes Online

Title 14: Decedents Estates and Fiduciary Relations

Chapter 118: Uniform Principal and Income Act

• Subchapter 001: GENERAL PROVISIONS
•    § 3321. Short title

•    § 3322. Definitions

•    § 3323. Fiduciary duties; general principles

•    § 3324. Trustee's power to adjust

•    § 3325. Judicial control of discretionary power

•    § 3326. Uniformity of application and construction

•    § 3327. Severability clause

• Subchapter 002: DECEDENT'S ESTATE OR TERMINATING INCOME INTEREST
•    § 3331. Determination and distribution of net income

•    § 3332. Distribution to residuary and remainder beneficiaries

• Subchapter 003: APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST
•    § 3341. When right to income begins and ends

•    § 3342. Apportionment of receipts and disbursements when decedent dies or income interest begins

•    § 3343. Apportionment when income interest ends

• Subchapter 004: ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST
•    § 3351. Character of receipts

•    § 3352. Distribution from trust or estate

•    § 3353. Business and other activities conducted by trustee

•    § 3354. Principal receipts

•    § 3355. Rental property

•    § 3356. Obligation to pay money

•    § 3357. Insurance policies and similar contracts

•    § 3358. Insubstantial allocations not required

•    § 3359. Deferred compensation, annuities, and similar payments

•    § 3360. Liquidating asset

•    § 3361. Minerals, water, and other natural resources

•    § 3362. Timber

•    § 3363. Property not productive of income

•    § 3364. Derivatives and options

•    § 3365. Asset-backed securities

• Subchapter 005: ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST
•    § 3371. Disbursements from income

•    § 3372. Disbursements from principal

•    § 3373. Transfers from income to principal for depreciation

•    § 3374. Transfers from income to reimburse principal

•    § 3375. Income taxes

•    § 3376. Adjustments between principal and income because of taxes

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