§ 61-201. Determination and distribution of net income.
§ 61-201. Determination and distribution of net income. After a decedent dies, in the case of an estate, or after an income interest in a trust ends, the following rules apply: (1) A fiduciary of an estate or of a terminating income interest shall determine the amount of net income and net principal receipts received […]
§ 61-202. Distribution to residuary and remainder beneficiaries.
§ 61-202. Distribution to residuary and remainder beneficiaries. (a) Each beneficiary described in § 61-201(4) of this title is entitled to receive a portion of the net income equal to the beneficiary’s fractional interest in undistributed principal assets, using values as of the distribution date. If a fiduciary makes more than 1 distribution of assets […]