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 DUTIESJUDICIAL REVIEW
HTMLPDF 11.104B.050Fiduciary dutiesGeneral principles.
HTMLPDF 11.104B.060Fiduciary dutiesJudicial review of exercise of discretionary powerRequest for instruction.
HTMLPDF 11.104B.070Fiduciary dutiesPower to adjust.
ARTICLE 3
UNITRUSTS
HTMLPDF 11.104B.100UnitrustsDefinitions.
HTMLPDF 11.104B.110UnitrustsApplicationDuties and remedies.
HTMLPDF 11.104B.120UnitrustsAuthority of fiduciary.
HTMLPDF 11.104B.130UnitrustsNotice.
HTMLPDF 11.104B.140UnitrustsUnitrust policies.
HTMLPDF 11.104B.150UnitrustsUnitrust rates.
HTMLPDF 11.104B.160UnitrustsApplicable value.
HTMLPDF 11.104B.170UnitrustsPeriod.
HTMLPDF 11.104B.180UnitrustSpecial tax benefitsOther rules.
ARTICLE 4
ALLOCATION OF RECEIPTS
HTMLPDF 11.104B.200Receipts from entitiesCharacter.
HTMLPDF 11.104B.210Receipts from entitiesDistributions from trusts and estates.
HTMLPDF 11.104B.220Receipts from entitiesBusinesses and other activities conducted by fiduciary.
HTMLPDF 11.104B.230Receipts not normally apportionedPrincipal receipts.
HTMLPDF 11.104B.240Receipts not normally apportionedRental property.
HTMLPDF 11.104B.250Receipts not normally apportionedReceipt on obligation to be paid in money.
HTMLPDF 11.104B.260Receipts not normally apportionedInsurance policies and contracts.
HTMLPDF 11.104B.270Receipts normally apportionedInsubstantial allocation not required.
HTMLPDF 11.104B.280Receipts normally apportionedDeferred compensation, annuities, and similar payments.
HTMLPDF 11.104B.290Receipts normally apportionedLiquidating assets.
HTMLPDF 11.104B.300Receipts normally apportionedMinerals, water, and other natural resources.
HTMLPDF 11.104B.310Receipts normally apportionedTimber.
HTMLPDF 11.104B.320Receipts normally apportionedMarital deduction property not productive of income.
HTMLPDF 11.104B.330Receipts normally apportionedDerivatives and options.
HTMLPDF 11.104B.340Receipts normally apportionedAsset-backed securities.
HTMLPDF 11.104B.350Receipts normally apportionedOther financial instruments and arrangements.
ARTICLE 5
ALLOCATION OF DISBURSEMENTS
HTMLPDF 11.104B.400DisbursementsDisbursement from income.
HTMLPDF 11.104B.410DisbursementsDisbursement from principal.
HTMLPDF 11.104B.420DisbursementsTransfer from income to principal for depreciation.
HTMLPDF 11.104B.430DisbursementsReimbursement of income from principal.
HTMLPDF 11.104B.440DisbursementsReimbursement of principal from income.
HTMLPDF 11.104B.450DisbursementsIncome taxes.
HTMLPDF 11.104B.460DisbursementsAdjustment between income and principal because of taxes.
ARTICLE 6
DEATH OF INDIVIDUAL OR TERMINATION OF INCOME INTEREST
HTMLPDF 11.104B.500Death or termination of interestDetermination and distribution of net income.
HTMLPDF 11.104B.510Death or termination of interestDistribution to successor beneficiary.
ARTICLE 7
APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST
HTMLPDF 11.104B.550Death or termination of interestWhen right to income begins and ends.
HTMLPDF 11.104B.560Death or termination of interestApportionment of receipts and disbursements when decedent dies or income interest begins.
HTMLPDF 11.104B.570Death or termination of interestApportionment 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.904ConstructionChapter applicable to state registered domestic partnerships2009 c 521.
HTMLPDF 11.104B.905Effective date2021 c 140 ss 2101-2806.