Section 469.419 – Trustee to allocate income receipt or disbursement, when.
Effective – 28 Aug 2004 469.419. Trustee to allocate income receipt or disbursement, when. — 1. A trustee shall allocate an income receipt or disbursement other than one to which subdivision* (1) of section 469.413 applies to principal if its due date occurs before a decedent dies in the case of an estate or before […]
Section 469.421 – Mandatory income interest, undistributed income, paid when.
Effective – 28 Aug 2001 469.421. Mandatory income interest, undistributed income, paid when. — 1. For purposes of this section, the phrase “undistributed income” means net income received before the date on which an income interest ends. The phrase does not include an item of income or expense that is due or accrued, or net […]
Section 469.423 – Allocations by trustee — entity defined.
Effective – 28 Aug 2004 469.423. Allocations by trustee — entity defined. — 1. For purposes of this section, the term “entity” means a corporation, partnership, limited liability company, regulated investment company, real estate investment trust, common trust fund, or any other organization in which a trustee has an interest, other than a trust or […]
Section 469.401 – Definitions.
Effective – 28 Aug 2004 469.401. Definitions. — As used in sections 469.401 to 469.467, the following terms mean: (1) “Accounting period”, a calendar year unless another twelve-month period is selected by a fiduciary. The term includes a portion of a calendar year or other twelve-month period that begins when an income interest begins or […]
Section 469.402 – Applicability.
Effective – 28 Aug 2004 469.402. Applicability. — The provisions of sections 456.3-301 to 456.3-305 shall apply to sections 469.401 to 469.467 for all purposes. ——– (L. 2004 H.B. 1511)