Chapter 129
Uniform Principal and Income Act

Sections

UPIA 101. Short title

UPIA 102. Definitions

UPIA 103. Fiduciary duties

UPIA 104. Trustee’s power to adjust

UPIA 105. Judicial control of discretionary power

Conversion to unitrust

UPIA 201. Determination and distribution of net income

UPIA 202. Distribution to residuary and remainder beneficiaries

UPIA 301. When right to income begins and ends

UPIA 302. Apportionment of receipts and disbursements when decedent dies or income interest begins

UPIA 303. Apportionment when income interest ends

UPIA 401. Character of receipts

UPIA 402. Distribution from trust or estate

UPIA 403. Business and other activities conducted by trustee

UPIA 404. Principal receipts

UPIA 405. Rental property

UPIA 406. Obligation to pay money

UPIA 407. Insurance policies and similar contracts

UPIA 408. Insubstantial allocations not required

UPIA 409. Deferred compensation, annuities and similar payments

UPIA 410. Liquidating asset

UPIA 411. Minerals, water and other natural resources

UPIA 412. Timber

UPIA 413. Property not productive of income

UPIA 414. Derivatives and options

UPIA 415. Asset-backed securities

UPIA 501. Disbursements from income

UPIA 502. Disbursements from principal

UPIA 503. Transfers from income to principal for depreciation

UPIA 504. Transfers from income to reimburse principal

UPIA 505. Income taxes

UPIA 506. Adjustments between principal and income because of taxes

UPIA 601. Uniformity of application and construction

Up to date

Current through early 2024

Chap. 129’s source at oregon.gov

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California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

Location: https://oregon.public.law/statutes/ors_chapter_129

Original Source: Chapter 129 — Uniform Principal and Income Act, https://www.oregonlegislature.gov/bills_laws/ors/ors129.html (last accessed Jun. 16, 2023).