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  2. Statutes
  3. Prop. Code
  4. Title 9
  5. Subtitle B
  6. Chap. 116

Chapter 116
Uniform Principal and Income Act

Sections

116.001
Short Title
116.002
Definitions
116.003
Uniformity of Application and Construction
116.004
Fiduciary Duties; General Principles
116.005
Trustee's Power to Adjust
116.006
Judicial Control of Discretionary Power
116.007
Provisions Regarding Noncharitable Unitrusts
116.051
Determination and Distribution of Net Income
116.052
Distribution to Residuary and Remainder Beneficiaries
116.101
When Right to Income Begins and Ends
116.102
Apportionment of Receipts and Disbursements When Decedent Dies or Income Interest Begins
116.103
Apportionment When Income Interest Ends
116.151
Character of Receipts
116.152
Distribution from Trust or Estate
116.153
Business and Other Activities Conducted by Trustee
116.161
Principal Receipts
116.162
Rental Property
116.163
Obligation to Pay Money
116.164
Insurance Policies and Similar Contracts
116.171
Insubstantial Allocations Not Required
116.172
Deferred Compensation, Annuities, and Similar Payments
116.173
Liquidating Asset
116.174
Minerals, Water, and Other Natural Resources
116.175
Timber
116.176
Property Not Productive of Income
116.177
Derivatives and Options
116.178
Asset-backed Securities
116.201
Disbursements from Income
116.202
Disbursements from Principal
116.203
Transfers from Income to Principal for Depreciation
116.204
Transfers from Income to Reimburse Principal
116.205
Income Taxes
116.206
Adjustments Between Principal and Income Because of Taxes
 



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Location: https://texas.public.law/statutes/tex._prop._code_title_9_subtitle_b_chapter_116

Blank Outline Levels

The legislature occasionally skips outline levels. For example:

(3) A person may apply [...]
(4)(a) A person petitioning for relief [...]

In this example, (3), (4), and (4)(a) are all outline levels, but (4) was omitted by its authors. It's only implied. This presents an interesting challenge when laying out the text. We've decided to display a blank section with this note, in order to aide readability.

Trust but verify.

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