 |
General Laws of Massachusetts (Last Updated: January 16, 2020) |
 |
PART II REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS |
|
|
TITLE II. DESCENT AND DISTRIBUTION, WILLS, ESTATES OF DECEASED PERSONS AND ABSENTEES, GUARDIANSHIP, CONSERVATORSHIP AND TRUSTS |
|
|
CHAPTER 203D. PRINCIPAL AND INCOME |
| SECTION 1. Short title |
| SECTION 2. Definitions |
| SECTION 3. Fiduciary duties; general principles |
| SECTION 4. Trustee's power to adjust |
| SECTION 5. Judicial control of discretionary powers |
| SECTION 6. Determination and distribution of net income |
| SECTION 7. Distribution to residuary and remainder beneficiaries |
| SECTION 8. When right to income begins and ends |
| SECTION 8A. Apportionment of receipts and disbursements when decedent dies or income interest begins |
| SECTION 9. Apportionment when income interest ends |
| SECTION 10. Character of receipts |
| SECTION 11. Distribution from trust or estate |
| SECTION 12. Business and other activities conducted by trustee |
| SECTION 13. Principal receipts |
| SECTION 14. Rental property |
| SECTION 15. Obligation to pay money |
| SECTION 16. Insurance policies and similar contracts |
| SECTION 17. Insubstantial allocations not required |
| SECTION 18. Deferred compensation, annuities and similar payments |
| SECTION 19. Liquidating asset |
| SECTION 20. Minerals, water, and other natural resources |
| SECTION 21. Timber |
| SECTION 22. Property not productive of income |
| SECTION 23. Derivatives and options |
| SECTION 24. Asset-backed securities |
| SECTION 25. Disbursements from income |
| SECTION 26. Disbursements from principal |
| SECTION 27. Transfers from income to principal for depreciation |
| SECTION 28. Transfers from income to reimburse principal |
| SECTION 29. Income taxes |