Hawaii Revised Statutes 557A-106 – Proceedings regarding trustee’s power to adjust
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Terms Used In Hawaii Revised Statutes 557A-106
- Income: means money or property a fiduciary receives as the current return from a principal asset. See Hawaii Revised Statutes 557A-102
- Principal: means property held in trust for distribution to a remainder beneficiary when the trust terminates. See Hawaii Revised Statutes 557A-102
In a proceeding with respect to a trustee‘s exercise or nonexercise of the power to make an adjustment under section 557A-104, the sole remedy shall be to direct, deny, or revise an adjustment between principal and income.