North Dakota Century Code

Chapter 59-04.2

Uniform Principal and Income Act (1997)

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