Principal and income act of california

The California Uniform Principal and Income Act

This is a handy version of the California Principal and Income Act. The Table of Contents makes it a lot easier to find what you are looking for.

Click on a section number in the left column to display the desired section(s). Use the Back button on your browser to return to this Table of Contents.

Sections are annotated via links to the National UPIA which includes comments and examples.

From Section To Section Description
16320 16328 Name of the Act; Definitions
16335 Allocating Receipts and Disbursements
16336 Trustee's Power to Adjust
16336.4 Conversion to Unitrust
16336.5 Conditions for Conversion to Unitrust
16336.6 Reconversion From Unitrust
16336.7 No Duty to Convert or Reconvert
16337 16339 Miscellaneous Provisions Regarding Adjustments
16340 16341 General Rules Regarding Income and Principal Distributions
16345 16347 Apportioning at Beginning or End of Income Interest
16350 Receipts from Entities: Corporations, Partnerships, LLCs, etc.
16351 Receipts from Fiduciaries
16352 Accounting for Operation of Business, Rentals, Farm, etc.
16355 Items Usually Allocated to Principal
16356 Receipts from Rental Property
16357 Receipts of Interest
16358 Receipts of Insurance Proceeds
16360 Treatment of Insubstantial Amounts
16361 Distributions From Pensions, Annuities, IRAs, etc.
16362 Liquidating Assets: Patents, Copyrights, Royalties, etc.
16363 Mineral Interests, Water, Other Natural Resources
16364 Timber Harvest
16365 Additional Requirements: Marital Deduction Trusts
16366 16367 Receipts from Derivatives and Asset Backed Securities
16370 Disbursements from Income
16371 Disbursements from Principal
16372 Reserve for Wear and Tear etc. of Depreciable Assets
16373 Major Repairs, Capital Improvements, etc.
16374 16375 Payment of Taxes Related to Income or Principal
Other Code Sections Frequently Referred To
1060 1064 Format of Accounts to the Court
10800 10805 Compensation of Personal Representative
10810 10814 Compensation of Attorney