Title 18-A, Article 7: TRUST ADMINISTRATION

Title 18-A, Article 7: TRUST ADMINISTRATION

Part 1: TRUST REGISTRATION

18-A §7-101. Registration of trusts (REPEALED)

18-A §7-102. Registration procedures (REPEALED)

18-A §7-103. Effect of registration (REPEALED)

18-A §7-104. Principal place of administration; jurisdiction (REPEALED)

18-A §7-105. Registration, qualification of foreign trustee (REPEALED)

Part 2: JURISDICTION OF COURT CONCERNING TRUSTS

18-A §7-201. Court; jurisdiction over trusts (REPEALED)

18-A §7-202. Trust proceedings; venue (REPEALED)

18-A §7-203. Trust proceedings; dismissal of matters relating to foreign trusts (REPEALED)

18-A §7-204. Court; concurrent jurisdiction of litigation involving trusts and 3rd parties (REPEALED)

18-A §7-205. Proceedings for review of employment of agents and review of compensation of trustee and employees of trust (REPEALED)

18-A §7-206. Trust proceedings; initiation by notice; necessary parties (REPEALED)

Part 3: DUTIES AND LIABILITIES OF TRUSTEES

18-A §7-301. General duties not limited (REPEALED)

18-A §7-302. Trustee's standard of care and performance; fiduciary investments authorized (REPEALED)

18-A §7-303. Duty to inform and account to beneficiaries (REPEALED)

18-A §7-304. Duty to provide bond (REPEALED)

18-A §7-305. Trustee's duties; appropriate place of administration; deviation (REPEALED)

18-A §7-306. Personal liability of trustee to 3rd parties (REPEALED)

18-A §7-307. Limitations on proceedings against trustees after final account (REPEALED)

Part 4: POWERS OF TRUSTEES

18-A §7-401. Powers of trustee conferred by trust or by law (REPEALED)

18-A §7-402. Powers of trustees conferred by this Part (REPEALED)

18-A §7-403. Trustee's office not transferable (REPEALED)

18-A §7-404. Power of court to permit deviation or to approve transactions involving conflict of interest (REPEALED)

18-A §7-405. Powers exercisable by joint trustees; liability (REPEALED)

18-A §7-406. Third persons protected in dealing with trustee (REPEALED)

18-A §7-407. Prohibitions and requirements applicable to trusts which are private foundations (REPEALED)

18-A §7-408. Trustees authorized to invest trust funds in affiliated investments; limitations (REPEALED)

Part 5: COMMON TRUST FUNDS

18-A §7-501. Establishment of common trust funds (REPEALED)

18-A §7-502. Court accountings (REPEALED)

18-A §7-503. Application of Part (REPEALED)

Part 6: BANK AND TRUST COMPANY NOMINEES

18-A §7-601. Registration in name of nominees (REPEALED)

18-A §7-602. Separate records (REPEALED)

18-A §7-603. Applicability of provisions (REPEALED)

Part 7: UNIFORM PRINCIPAL AND INCOME ACT OF 1997

Subpart 1: DEFINITIONS AND FIDUCIARY DUTIES

18-A §7-701. Short title (REPEALED)

18-A §7-702. Definitions (REPEALED)

18-A §7-703. Fiduciary duties; general principles (REPEALED)

18-A §7-704. Trustee's power to adjust (REPEALED)

18-A §7-705. Power to convert to unitrust (REPEALED)

18-A §7-706. Judicial review of discretionary powers (REPEALED)

Subpart 2: DECENDENT'S ESTATE OR TERMINATING INCOME INTEREST

18-A §7-721. Determination and distribution of net income (REPEALED)

18-A §7-722. Distribution to residuary and remainder beneficiaries (REPEALED)

Subpart 3: APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST

18-A §7-731. When right to income begins and ends (REPEALED)

18-A §7-732. Apportionment of receipts and disbursements when decedent dies or income interest begins (REPEALED)

18-A §7-733. Apportionment when income interest ends (REPEALED)

Subpart 4: ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST

18-A §7-741. Character of receipts (REPEALED)

18-A §7-742. Distribution from trust or estate (REPEALED)

18-A §7-743. Business and other activities conducted by trustee (REPEALED)

18-A §7-744. Principal receipts (REPEALED)

18-A §7-745. Rental property (REPEALED)

18-A §7-746. Obligation to pay money (REPEALED)

18-A §7-747. Insurance policies and similar contracts (REPEALED)

18-A §7-748. Insubstantial allocations not required (REPEALED)

18-A §7-749. Deferred compensation, annuities and similar payments (REPEALED)

18-A §7-750. Liquidating asset (REPEALED)

18-A §7-751. Minerals, water and other natural resources (REPEALED)

18-A §7-752. Timber (REPEALED)

18-A §7-753. Property not productive of income (REPEALED)

18-A §7-754. Derivatives and options (REPEALED)

18-A §7-755. Asset-backed securities (REPEALED)

Subpart 5: ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST

18-A §7-761. Disbursements from income (REPEALED)

18-A §7-762. Disbursements from principal (REPEALED)

18-A §7-763. Transfers from income to principal for depreciation (REPEALED)

18-A §7-764. Transfers from income to reimburse principal (REPEALED)

18-A §7-765. Income taxes (REPEALED)

18-A §7-766. Adjustments between principal and income because of taxes (REPEALED)

Subpart 6: MISCELLANEOUS PROVISIONS

18-A §7-771. Uniformity of application and construction (REPEALED)

18-A §7-772. Effective date (REPEALED)

18-A §7-773. Application of Part to all trusts and estates (REPEALED)

18-A §7-774. Transitional matters (REPEALED)

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Office of the Revisor of Statutes · 7 State House Station · State House Room 108 · Augusta, Maine 04333-0007

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