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General Laws

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Section 1Short title
Section 2Definitions
Section 3Fiduciary duties; general principles
Section 4Trustee’s power to adjust
Section 5Judicial control of discretionary powers
Section 6Determination and distribution of net income
Section 7Distribution to residuary and remainder beneficiaries
Section 8When right to income begins and ends
Section 8AApportionment of receipts and disbursements when decedent dies or income interest begins
Section 9Apportionment when income interest ends
Section 10Character of receipts
Section 11Distribution from trust or estate
Section 12Business and other activities conducted by trustee
Section 13Principal receipts
Section 14Rental property
Section 15Obligation to pay money
Section 16Insurance policies and similar contracts
Section 17Insubstantial allocations not required
Section 18Deferred compensation, annuities and similar payments
Section 19Liquidating asset
Section 20Minerals, water, and other natural resources
Section 21Timber
Section 22Property not productive of income
Section 23Derivatives and options
Section 24Asset-backed securities
Section 25Disbursements from income
Section 26Disbursements from principal
Section 27Transfers from income to principal for depreciation
Section 28Transfers from income to reimburse principal
Section 29Income taxes