Iowa Chapter 637 — Uniform Principal and Income Act

45 sections hosted, reproduced from the official public-domain source.

Iowa Code § 637.101— Short title
Iowa Code § 637.102— Definitions
Iowa Code § 637.103— Fiduciary duties — general principles
Iowa Code § 637.201— Determination and distribution of net income
Iowa Code § 637.202— Distribution to residuary and remainder beneficiaries
Iowa Code § 637.301— When right to income begins and ends
Iowa Code § 637.302— Apportionment of receipts and disbursements when decedent dies or income interest begins
Iowa Code § 637.303— Apportionment when income interest ends
Iowa Code § 637.401— Character of receipts
Iowa Code § 637.402— Distribution from trust or estate
Iowa Code § 637.403— Business and other activities conducted by trustee
Iowa Code § 637.410— Principal receipts
Iowa Code § 637.411— Rental property
Iowa Code § 637.412— Obligation to pay money
Iowa Code § 637.413— Insurance policies and similar contracts
Iowa Code § 637.420— Insubstantial allocations not required
Iowa Code § 637.421— Deferred compensation, annuities, and similar payments
Iowa Code § 637.422— Liquidating asset
Iowa Code § 637.423— Minerals, water, and other natural resources
Iowa Code § 637.424— Timber
Iowa Code § 637.425— Property not productive of income
Iowa Code § 637.426— Derivatives and options
Iowa Code § 637.427— Asset-backed securities
Iowa Code § 637.501— Disbursements from income
Iowa Code § 637.502— Disbursements from principal
Iowa Code § 637.503— Transfers from income to principal for depreciation
Iowa Code § 637.504— Transfers from income to reimburse principal
Iowa Code § 637.505— Income taxes
Iowa Code § 637.506— Adjustments between principal and income because of taxes
Iowa Code § 637.601— Definitions
Iowa Code § 637.602— Trustee’s authority to convert
Iowa Code § 637.603— Trustee requirements to convert or change computation method
Iowa Code § 637.604— Interested trustee’s authority to convert
Iowa Code § 637.605— Interested trustee requirements to convert or change computation method
Iowa Code § 637.606— Petition to court to convert trust
Iowa Code § 637.607— Valuation of trust
Iowa Code § 637.608— Payout percentage
Iowa Code § 637.609— Unitrust amount. Repealed by
Iowa Code § 637.610— Procedure upon conversion of income trust to total return unitrust
Iowa Code § 637.611— Total return unitrust administration
Iowa Code § 637.612— Principal distributions subject to governing instrument
Iowa Code § 637.613— Construction and applicability
Iowa Code § 637.614— Good faith actions
Iowa Code § 637.615— Effective date
Iowa Code § 637.701— Application of chapter to existing trusts and estates — chapter prevails