New York Uniform
Principal and Income Act

Index

	
PART 1. DEFINITIONS AND FIDUCIARY DUTIES


        11-A-1.1  Short title.
        11-A-1.2  Definitions.
        11-A-1.3  Fiduciary duties; general principles.


PART 2. DECEDENT`S ESTATE 
OR TERMINATING INCOME INTEREST


        11-A-2.1  Determination and distribution of net income.
        11-A-2.2  Distribution to residuary and remainder beneficiaries.


PART 3. APPORTIONMENT AT BEGINNING 
AND END OF INCOME INTEREST

        11-A-3.1  When right to income begins and ends.
        11-A-3.2  Apportionment of receipts and disbursements when
                    decedent dies or income interest begins.
        11-A-3.3  Apportionment when income interest ends.


PART 4. ALLOCATION OF RECEIPTS DURING 
ADMINISTRATION OF TRUST

SUBPART 1. RECEIPTS FROM ENTITIES
        11-A-4.1  Character of receipts.
        11-A-4.2  Distribution from trust or estate.
        11-A-4.3  Business and other activities conducted by trustee.


SUBPART 2. RECEIPTS NOT NORMALLY APPORTIONED
        11-A-4.4  Principal receipts.
        11-A-4.5  Rental property.
        11-A-4.6  Obligation to pay money.
        11-A-4.7  Insurance policies and similar contracts.


SUBPART 3. RECEIPTS NORMALLY APPORTIONED
        11-A-4.8  Insubstantial allocations not required.
        11-A-4.9  Deferred compensation, annuities, and similar
                    payments.
        11-A-4.10 Liquidating asset.
        11-A-4.11 Minerals, water, and other natural resources.
        11-A-4.12 Timber.
        11-A-4.13 Property not productive of income.
        11-A-4.14 Derivatives and options.
        11-A-4.15 Asset-backed securities.


PART 5. ALLOCATION OF DISBURSEMENTS DURING 
ADMINISTRATION OF TRUST

        11-A-5.1  Disbursements from income.
        11-A-5.2  Disbursements from principal.
        11-A-5.3  Transfers from income to principal for depreciation.
        11-A-5.4  Transfers from income to reimburse principal.
        11-A-5.5  Income taxes.
        11-A-5.6  Adjustments between principal and income 
                  because of taxes.


PART 6. MISCELLANEOUS PROVISIONS

        11-A-6.1  Uniformity of application and construction.
        11-A-6.2  Severability clause.
        11-A-6.3  Effective date.
        11-A-6.4  Application of article.

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