Sections 501C.1101 to 501C.1118 do not govern the ascertainment of what constitutes the receipt of income or principal by the estate or trust for income tax purposes.
Minn. Stat. § 501C.1116
ASCERTAINMENT OF INCOME OR PRINCIPAL.
Known as the Uniform Principal and Income Act
The act spans §§ 501C.1101 to 501C.1118 (18 sections).
2015 c 5 art 11 s 16
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.