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Terms Used In Vermont Statutes Title 14 Sec. 3321

  • Income: means money or property that a fiduciary receives as current return from a principal asset. See
  • Principal: means property held in trust for distribution to a remainder beneficiary when the trust terminates. See

§ 3321. Short title

This subchapter may be cited as the Uniform Principal and Income Act. (Added 2011, No. 114 (Adj. Sess.), § 1.)

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