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TITLE 72
CHAPTER 34
Part 4

Montana Code Annotated 2023

TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

CHAPTER 34. PRINCIPAL AND INCOME

Part 4. Montana Uniform Principal and Income Act

72-34-401 Repealed
72-34-402 Repealed
72-34-403 Repealed
72-34-404 Repealed
72-34-405 Repealed
72-34-406 Repealed
72-34-407 Repealed
72-34-408 Repealed
72-34-409 Repealed
72-34-410 Repealed
72-34-411 Repealed
72-34-412 Repealed
72-34-413 through 72-34-415 reserved
72-34-416 Repealed
72-34-417 through 72-34-420 reserved
72-34-421 Short title
72-34-422 Definitions
72-34-423 Allocation between principal and income -- impartial exercise of discretion
72-34-424 Adjustments between principal and income
72-34-425 Notice of proposed action -- objections by beneficiary -- liability of trustee -- proceedings
72-34-426 Proceedings relating to adjustments -- remedy
72-34-427 Application of part
72-34-428 Rules applicable after decedent's death or termination of income interest
72-34-429 Beneficiary's portion of net income -- maintenance of records -- distribution date
72-34-430 Beneficiary's entitlement to net income -- assets subject to trust -- assets subject to successive income interest -- termination of income interest
72-34-431 Allocation of income receipt or disbursement
72-34-432 Undistributed income -- definition -- payment to beneficiary
72-34-433 Allocation of receipts to income or principal -- entity defined
72-34-434 Allocation of amounts received from specified trusts or estates
72-34-435 Separate accounting records for business or other activity
72-34-436 Amounts allocated to principal
72-34-437 Amounts received from rental property allocation
72-34-438 Interest on obligation to pay money -- allocation
72-34-439 Life insurance policy proceeds -- proceeds of contracts insuring against certain losses -- allocation
72-34-440 Insubstantial allocation -- allocation of entire amount to principal -- exceptions
72-34-441 Payments characterized as interest or dividend -- allocation to income -- allocation of other payments -- excess allocation to income in order to obtain estate tax marital deduction
72-34-442 Receipts from liquidating assets -- allocation
72-34-443 Receipts from mineral interests and other natural resources -- allocation
72-34-444 Receipts from sale of timber and related products -- allocation
72-34-445 Increasing income in order to maintain marital deduction
72-34-446 Transactions in derivatives -- allocations of receipts and disbursements -- options to buy or sell property -- allocation of amounts received or paid
72-34-447 Payments from collateral financial assets and payments in exchange for interest in asset-backed security -- allocation
72-34-448 Disbursements from income
72-34-449 Disbursements from principal
72-34-450 Assets subject to depreciation -- transfer from income to principal of portion of net cash receipts
72-34-451 Transfer from income to principal in anticipation of principal disbursement
72-34-452 Payment of taxes
72-34-453 Adjustments between principal and income in certain cases

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