UNIFORM PRINCIPAL AND INCOME ACT

glossary /

UNIFORM PRINCIPAL AND INCOME ACT

Uniform Principal and Income Act. A uniform code adopted by some states governing allocation of principal and income in trusts and estates. [Cases: Executors and Administrators 502; Trusts 272. C.J.S. Executors and Administrators ¡ì 847; Trover and Conversion¡ì 551.]
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