[ Editor’s note: This section is effective January 1, 2022. ] This article 1.2 may be cited as the “Uniform Fiduciary Income and Principal Act”. Source: L. 2021: Entire article added, (SB 21-171), ch. 143, p. 799, § 1, effective January 1, 2022.
[ Editor’s note: This section is effective January 1, 2022. ] In this article 1.2: “Accounting period” means a calendar year, unless a fiduciary selects another period of twelve calendar months or approximately twelve calendar months. The term includes a part of a calendar year or another period of twelve calendar months or approximately twelve […]
[ Editor’s note: This section is effective January 1, 2022.] Except as otherwise provided in the terms of a trust, a will, or this article 1.2, this article 1.2 applies to: A trust or estate. Reserved. Source: L. 2021: Entire article added, (SB 21-171), ch. 143, p. 804, § 1, effective January 1, 2022.
[ Editor’s note: This section is effective January 1, 2022. ] Except as otherwise provided in the terms of a trust or this article 1.2, this article 1.2 applies when this state is the principal place of administration of a trust or estate. By accepting the trusteeship of a trust having its principal place of […]
