to 129.080 and 129.110 to 129.140); repealed by 2003 c.279 �36]

129.010 to 129.080 and 129.110 to 129.140); repealed by 2003 c.279 �36]

����� 129.110 [Repealed by 1975 c.717 �1]

����� 129.115 [1975 c.717 �10 (enacted in lieu of 129.010 to 129.080 and 129.110 to 129.140); 2003 c.14 �50; repealed by 2003 c.279 �36]

����� 129.120 [Repealed by 1975 c.717 �1]

����� 129.125 [1975 c.717 �13 (enacted in lieu of 129.010 to 129.080 and 129.110 to 129.140); repealed by 2003 c.279 �36]

����� 129.130 [Repealed by 1975 c.717 �1]

����� 129.140 [Repealed by 1975 c.717 �1]

DEFINITIONS AND FIDUCIARY DUTIES

����� 129.200 UPIA 101. Short title. This chapter may be cited as the Uniform Principal and Income Act. [2003 c.279 �1]

����� Note: Section 34, chapter 279, Oregon Laws 2003, provides:

����� Sec. 34. Except as may be expressly provided in a will or in the terms of a trust or in sections 1 to 31 of this 2003 Act [ORS chapter 129], sections 1 to 31 of this 2003 Act apply to the administration of all trusts and estates, whether coming into existence before, on or after the effective date of this 2003 Act [January 1, 2004]. [2003 c.279 �34]

����� 129.205 UPIA 102. Definitions. In this chapter:

����� (1) �Accounting period� means a calendar year unless another 12-month period is selected by a fiduciary. The term includes a portion of a calendar year or other 12-month period that begins when an income interest begins or ends when an income interest ends.

����� (2) �Beneficiary� includes, in the case of a decedent�s estate, an heir and devisee and, in the case of a trust, an income beneficiary and a remainder beneficiary.

����� (3) �Fiduciary� means a personal representative or a trustee. The term includes an executor, administrator, successor personal representative, special administrator and a person performing substantially the same function.

����� (4) �Income� means money or property that a fiduciary receives as current return from a principal asset. The term includes a portion of receipts from a sale, exchange or liquidation of a principal asset, to the extent provided in ORS 129.300 to