Principal and Income (Uniform Act)

Sections

164.780
Short title.
164.785
Definitions.
164.790
Allocation of receipt or disbursement to principal when terms of trust and provisions of NRS do not provide rule.
164.795
Adjustment between principal and income
164.796
Circumstances under which trustee authorized to convert trust into unitrust
164.797
Administration of unitrust: Duties of trustee
164.798
Administration of unitrust: Powers of trustee
164.799
Trustee or beneficiary authorized to petition court to take certain actions concerning unitrust.
164.800
Applicable rules after death of decedent or end of income interest in trust.
164.805
Distribution of net income to beneficiaries
164.810
Date on which income interest begins
164.815
Allocation of certain income receipts and disbursements
164.820
Payment of undistributed income upon end of mandatory income interest
164.825
Allocation of money received from entity to income
164.830
Allocation of amount received as distribution of income to income
164.835
Accounting separately for business or other activity.
164.840
Allocation of assets, money, property and other receipts to principal.
164.845
Allocation of receipts from rental property to income
164.850
Allocation of interest on obligation to pay money to trustee to income
164.855
Allocation of proceeds of life insurance policy and certain contracts to principal
164.860
Allocation of entire amount to principal if allocation between principal and income under certain circumstances is insubstantial.
164.865
Allocation of certain payments received because of services rendered or property transferred to payor in exchange for future payments to income or principal, or both
164.870
Allocation of receipts from liquidating assets to income and principal.
164.875
Allocation of receipts from interest in minerals to income or to income and principal
164.880
Allocation of net receipts from sale of timber and related products to income or principal, or both
164.885
Request of spouse if marital deduction is allowed and amounts transferred from principal to income and distributed are insufficient to obtain marital deduction
164.890
Allocation of receipts from and disbursements made in connection with transactions in derivatives to principal
164.895
Allocation from proceeds of collateral financial assets to income and principal
164.900
Disbursements required to be made from income
164.905
Disbursements required to be made from principal.
164.910
Transfer of net cash receipts from principal asset subject to depreciation to principal.
164.915
Transfer of amount from income to principal to make certain principal disbursements.
164.920
Payment of taxes required to be paid by trustee.
164.925
Adjustments between principal and income to offset shifting economic interests or tax benefits between income beneficiaries and remainder beneficiaries
Last Updated

Feb. 5, 2021

Principal & Income (Unif. Act)’s source at nv​.us