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Terms Used In Maine Revised Statutes Title 18-C Sec. 7-472

  • Decedent: A deceased person.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
This Part applies to every trust or decedent‘s estate, including those in existence on September 1, 2019, beginning with the first fiscal year of the trust or decedent’s estate that begins on or after September 1, 2019, except as otherwise expressly provided in the will or terms of the trust or in this Part. [PL 2019, c. 417, Pt. B, §12 (AMD).]
SECTION HISTORY

PL 2017, c. 402, Pt. A, §2 (NEW). PL 2017, c. 402, Pt. F, §1 (AFF). PL 2019, c. 417, Pt. B, §12 (AMD). PL 2019, c. 417, Pt. B, §14 (AFF).