Chapter 11.104A RCW
WASHINGTON PRINCIPAL AND INCOME ACT OF 2002

RCW SECTIONS

ARTICLE 1

DEFINITIONS; FIDUCIARY DUTIES AND POWERS; REMEDIES
11.104A.001Short title.
11.104A.005Definitions.
11.104A.010Fiduciary duties -- General principles.
11.104A.020Fiduciary's power to adjust.
11.104A.030Judicial control of discretionary powers.
11.104A.040Power to convert to unitrust.
ARTICLE 2

DECEDENT'S ESTATE OR TERMINATING INCOME INTEREST
11.104A.050Determination and distribution of net income.
11.104A.060Distribution to residuary and remainder beneficiaries.
ARTICLE 3

APPORTIONMENT AT BEGINNING AND END

OF INCOME INTEREST
11.104A.070When right to income begins and ends.
11.104A.080Apportionment of receipts and disbursements when decedent dies or income interest begins.
11.104A.090Apportionment when income interest ends.
ARTICLE 4

ALLOCATION OF RECEIPTS DURING

ADMINISTRATION OF TRUST

PART 1: RECEIPTS FROM ENTITIES
11.104A.100Character of receipts.
11.104A.110Distribution from trust or estate.
11.104A.120Business and other activities conducted by trustee.
PART 2: RECEIPTS NOT NORMALLY APPORTIONED
11.104A.130Principal receipts.
11.104A.140Rental property.
11.104A.150Obligation to pay money.
11.104A.160Insurance policies and similar contracts.
PART 3: RECEIPTS NORMALLY APPORTIONED
11.104A.170Insubstantial allocations not required.
11.104A.180Deferred compensation, annuities, and similar payments.
11.104A.190Liquidating asset.
11.104A.200Minerals, water, and other natural resources.
11.104A.210Timber.
11.104A.220Property not productive of income.
11.104A.230Derivatives and options.
11.104A.240Asset-backed securities.
ARTICLE 5

ALLOCATION OF DISBURSEMENTS DURING

ADMINISTRATION OF TRUST
11.104A.250Disbursements from income.
11.104A.260Disbursements from principal.
11.104A.270Transfers from income to principal for depreciation.
11.104A.280Transfers from income to reimburse principal.
11.104A.290Income taxes.
11.104A.300Adjustments between principal and income because of taxes.
ARTICLE 6

MISCELLANEOUS PROVISIONS
11.104A.900Uniformity of application and construction.
11.104A.901Application of chapter 11.96A RCW.
11.104A.902Severability -- 2002 c 345.
11.104A.903Captions, article and part headings not law -- 2002 c 345.
11.104A.904Effective date -- 2002 c 345.
11.104A.905Application of act to existing trusts and estates.