Chapter 11.104B RCW

UNIFORM FIDUCIARY INCOME AND PRINCIPAL ACT

Sections

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