Chapter

Uniform Principal and Income Act (1997)

N.D. Cent. Code § 59-04.2-01— (102) Definitions
N.D. Cent. Code § 59-04.2-02— (103) Fiduciary duties - General principles
N.D. Cent. Code § 59-04.2-03— (104) Trustee's power to adjust
N.D. Cent. Code § 59-04.2-03.1— Judicial control of discretionary power
N.D. Cent. Code § 59-04.2-04— (201) Determination and distribution of net income
N.D. Cent. Code § 59-04.2-05— (202) Distribution to residuary and remainder beneficiaries
N.D. Cent. Code § 59-04.2-06— (301) When right to income begins and ends
N.D. Cent. Code § 59-04.2-07— (302) Apportionment of receipts and disbursements when decedent dies or income interest begins
N.D. Cent. Code § 59-04.2-08— (303) Apportionment when income interest ends
N.D. Cent. Code § 59-04.2-09— (401) Character of receipts
N.D. Cent. Code § 59-04.2-10— (402) Distribution from trust or estate
N.D. Cent. Code § 59-04.2-11— (403) Business and other activities conducted by trustee
N.D. Cent. Code § 59-04.2-12— (404) Principal receipts
N.D. Cent. Code § 59-04.2-13— (405) Rental property
N.D. Cent. Code § 59-04.2-14— (406) Obligation to pay money
N.D. Cent. Code § 59-04.2-15— (407) Insurance policies and similar contracts
N.D. Cent. Code § 59-04.2-16— (408) Insubstantial allocations not required
N.D. Cent. Code § 59-04.2-17— (409) Deferred compensation, annuities, and similar payments
N.D. Cent. Code § 59-04.2-18— (410) Liquidating asset
N.D. Cent. Code § 59-04.2-19— (411) Minerals, water, and other natural resources
N.D. Cent. Code § 59-04.2-20— (412) Timber
N.D. Cent. Code § 59-04.2-21— (413) Property not productive of income
N.D. Cent. Code § 59-04.2-22— (414) Derivatives and options
N.D. Cent. Code § 59-04.2-23— (415) Asset-backed securities
N.D. Cent. Code § 59-04.2-24— (501) Disbursements from income
N.D. Cent. Code § 59-04.2-25— (502) Disbursements from principal
N.D. Cent. Code § 59-04.2-26— (503) Transfers from income to principal for depreciation
N.D. Cent. Code § 59-04.2-27— (504) Transfers from income to reimburse principal
N.D. Cent. Code § 59-04.2-28— (505) Income taxes
N.D. Cent. Code § 59-04.2-29— (506) Adjustments between principal and income because of taxes
N.D. Cent. Code § 59-04.2-30— Certain charitable remainder unitrusts