The Vermont Statutes Online
The Vermont Statutes Online does not include the actions of the 2024 session of the General Assembly. We expect them to be updated by November 1st.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 14: Decedents Estates and Fiduciary Relations
Chapter 118: Uniform Principal and Income Act
- Subchapter 001: General Provisions
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§ 3321. Short title
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§ 3322. Definitions
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§ 3323. Fiduciary duties; general principles
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§ 3324. Trustee's power to adjust
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§ 3325. Judicial control of discretionary power
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§ 3326. Uniformity of application and construction
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§ 3327. Severability clause
- Subchapter 002: Decedent's Estate or Terminating Income Interest
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§ 3331. Determination and distribution of net income
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§ 3332. Distribution to residuary and remainder beneficiaries
- Subchapter 003: Apportionment at Beginning and End of Income Interest
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§ 3341. When right to income begins and ends
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§ 3342. Apportionment of receipts and disbursements when decedent dies or income interest begins
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§ 3343. Apportionment when income interest ends
- Subchapter 004: Allocation of Receipts During Administration of Trust
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§ 3351. Character of receipts
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§ 3352. Distribution from trust or estate
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§ 3353. Business and other activities conducted by trustee
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§ 3354. Principal receipts
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§ 3355. Rental property
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§ 3356. Obligation to pay money
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§ 3357. Insurance policies and similar contracts
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§ 3358. Insubstantial allocations not required
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§ 3359. Deferred compensation, annuities, and similar payments
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§ 3360. Liquidating asset
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§ 3361. Minerals, water, and other natural resources
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§ 3362. Timber
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§ 3363. Property not productive of income
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§ 3364. Derivatives and options
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§ 3365. Asset-backed securities
- Subchapter 005: Allocation of Disbursements During Administration of Trust
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§ 3371. Disbursements from income
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§ 3372. Disbursements from principal
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§ 3373. Transfers from income to principal for depreciation
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§ 3374. Transfers from income to reimburse principal
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§ 3375. Income taxes
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§ 3376. Adjustments between principal and income because of taxes