Revised Code of Washington
2023 Archive

Chapter 11.104B RCW
UNIFORM FIDUCIARY INCOME AND PRINCIPAL ACT
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Sections
ARTICLE 1
GENERAL PROVISIONS
11.104B.001Short title.
11.104B.005Definitions.
11.104B.010Scope.
11.104B.020Governing law.
ARTICLE 2
FIDUCIARY DUTIES—JUDICIAL REVIEW
11.104B.050Fiduciary duties—General principles.
11.104B.060Fiduciary duties—Judicial review of exercise of discretionary power—Request for instruction.
11.104B.070Fiduciary duties—Power to adjust.
ARTICLE 3
UNITRUSTS
11.104B.100Unitrusts—Definitions.
11.104B.110Unitrusts—Application—Duties and remedies.
11.104B.120Unitrusts—Authority of fiduciary.
11.104B.130Unitrusts—Notice.
11.104B.140Unitrusts—Unitrust policies.
11.104B.150Unitrusts—Unitrust rates.
11.104B.160Unitrusts—Applicable value.
11.104B.170Unitrusts—Period.
11.104B.180Unitrust—Special tax benefits—Other rules.
ARTICLE 4
ALLOCATION OF RECEIPTS
11.104B.200Receipts from entities—Character.
11.104B.210Receipts from entities—Distributions from trusts and estates.
11.104B.220Receipts from entities—Businesses and other activities conducted by fiduciary.
11.104B.230Receipts not normally apportioned—Principal receipts.
11.104B.240Receipts not normally apportioned—Rental property.
11.104B.250Receipts not normally apportioned—Receipt on obligation to be paid in money.
11.104B.260Receipts not normally apportioned—Insurance policies and contracts.
11.104B.270Receipts normally apportioned—Insubstantial allocation not required.
11.104B.280Receipts normally apportioned—Deferred compensation, annuities, and similar payments.
11.104B.290Receipts normally apportioned—Liquidating assets.
11.104B.300Receipts normally apportioned—Minerals, water, and other natural resources.
11.104B.310Receipts normally apportioned—Timber.
11.104B.320Receipts normally apportioned—Marital deduction property not productive of income.
11.104B.330Receipts normally apportioned—Derivatives and options.
11.104B.340Receipts normally apportioned—Asset-backed securities.
11.104B.350Receipts normally apportioned—Other financial instruments and arrangements.
ARTICLE 5
ALLOCATION OF DISBURSEMENTS
11.104B.400Disbursements—Disbursement from income.
11.104B.410Disbursements—Disbursement from principal.
11.104B.420Disbursements—Transfer from income to principal for depreciation.
11.104B.430Disbursements—Reimbursement of income from principal.
11.104B.440Disbursements—Reimbursement of principal from income.
11.104B.450Disbursements—Income taxes.
11.104B.460Disbursements—Adjustment between income and principal because of taxes.
ARTICLE 6
DEATH OF INDIVIDUAL OR TERMINATION OF INCOME INTEREST
11.104B.500Death or termination of interest—Determination and distribution of net income.
11.104B.510Death or termination of interest—Distribution to successor beneficiary.
ARTICLE 7
APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST
11.104B.550Death or termination of interest—When right to income begins and ends.
11.104B.560Death or termination of interest—Apportionment of receipts and disbursements when decedent dies or income interest begins.
11.104B.570Death or termination of interest—Apportionment when income interest ends.
ARTICLE 8
MISCELLANEOUS PROVISIONS
11.104B.900Uniformity of application and construction.
11.104B.901Relation to electronic signatures in global and national commerce act.
11.104B.902Application.
11.104B.903Application of chapter 11.96A RCW.
11.104B.904Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.
11.104B.905Effective date—2021 c 140 §§ 2101-2806.