ARTICLE 7. Apportionment at Beginning and End of Income Interest

Article 7 added by Stats. 2023, Ch. 28, Sec. 2.

§§ 16375–16377 · 3 sections

• § 16375 (a) An income beneficiary is entitled to net income in accordance with the terms of the trust from the date an income interest begins. The income interest…
• § 16376 (a) A fiduciary shall allocate an income receipt or disbursement, other than a receipt to which subdivision (b) of Section 16370 applies, to principal if its…
• § 16377 (a) For purposes of this section, “undistributed income” means net income received on or before the date on which an income interest ends. “Undistributed…