reglab/housing_qa huggingface dataset:
12 DE Code § 61-412. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 61. Delaware Uniform Principal and Income Act|Subchapter IV. Allocation of Receipts During Administration of Trust|§ 61-412. Timber.

§ 61-412. Timber. (a) To the extent that a trustee accounts for receipts from the sale of timber and related products pursuant to this section, the trustee shall allocate the net receipts:  (1) To income to the extent that the amount of timber removed from the land does not exceed the rate of growth of the timber during the accounting periods in which a beneficiary has a mandatory income interest; (2) To principal to the extent that the amount of timber removed from the land exceeds the rate of growth of the timber or the net receipts are from the sale of standing timber; (3) To or between income and principal if the net receipts are from the lease of timberland or from a contract to cut timber from land owned by a trust, by determining the amount of timber removed from the land under the lease or contract and applying the rules in paragraphs (a)(1) and (2) of this section; or (4) to principal to the extent that advance payments, bonuses, and other payments are not allocated pursuant to paragraph (a)(1), (2), or (3) of this section. (b) In determining net receipts to be allocated pursuant to subsection (a) of this section, a trustee shall deduct and transfer to principal a reasonable amount for depletion. (c) This chapter applies whether or not a decedent or transferor was harvesting timber from the property before it became subject to the trust. (d) If a trust owns an interest in timberland on August 1, 2009, the trustee may allocate net receipts from the sale of timber and related products as provided in this chapter or in the manner used by the trustee before August 1, 2009. If the trust acquires an interest in timberland after August 1, 2009, the trustee shall allocate net receipts from the sale of timber and related products as provided in the provisions of this chapter. 77 Del. Laws, c. 99, §  1;
12 DE Code § 61-413. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 61. Delaware Uniform Principal and Income Act|Subchapter IV. Allocation of Receipts During Administration of Trust|§ 61-413. Property not productive of income.

§ 61-413. Property not productive of income. Upon request of the income beneficiary, if the trustee determines that the assets of a trust consist substantially of property that does not provide the income beneficiary with a reasonable income from or use of the trust assets, and that the amounts that the trustee transfers from principal to income under § 61-104 of this title and distributes to the income beneficiary from principal pursuant to the terms of the trust are insufficient to provide the income beneficiary with the beneficial enjoyment of the income interest, the trustee shall make such property productive of income, convert such property within a reasonable time, or exercise the power conferred by § 61-104(a) of this title, as such action or combination of actions are deemed appropriate in the trustee's discretion. 77 Del. Laws, c. 99, §  1;  78 Del. Laws, c. 117, §  16;
12 DE Code § 61-414. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 61. Delaware Uniform Principal and Income Act|Subchapter IV. Allocation of Receipts During Administration of Trust|§ 61-414. Derivatives and options.

§ 61-414. Derivatives and options. (a) In this section, “derivative” means a contract or financial instrument or a combination of contracts and financial instruments which gives a trust the right or obligation to participate in some or all changes in the price of a tangible or intangible asset or group of assets, or changes in a rate, an index of prices or rates, or other market indicator for an asset or a group of assets. (b) To the extent that a trustee does not account under § 61-403 of this title for transactions in derivatives, the trustee shall allocate to principal receipts from and disbursements made in connection with those transactions. (c) If a trustee grants an option to buy property from the trust, whether or not the trust owns the property when the option is granted, grants an option that permits another person to sell property to the trust, or acquires an option to buy property for the trust or an option to sell an asset owned by the trust, and the trustee or other owner of the asset is required to deliver the asset if the option is exercised, an amount received for granting the option must be allocated to principal. An amount paid to acquire the option must be paid from principal. A gain or loss realized upon the exercise of an option, including an option granted to a settlor of the trust for services rendered, must be allocated to principal. 77 Del. Laws, c. 99, §  1;
12 DE Code § 61-415. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 61. Delaware Uniform Principal and Income Act|Subchapter IV. Allocation of Receipts During Administration of Trust|§ 61-415. Asset-backed securities.

§ 61-415. Asset-backed securities. (a) In this section, “asset-backed security” means an asset whose value is based upon the right it gives the owner to receive distributions from the proceeds of financial assets that provide collateral for the security. The term includes an asset that gives the owner the right to receive from the collateral financial assets only the interest or other current return or only the proceeds other than interest or current return. The term does not include an asset to which § 61-401 or § 61-409 of this title applies. (b) If a trust receives a payment from interest or other current return and from other proceeds of the collateral financial assets, the trustee shall allocate to income the portion of the payment which the payer identifies as being from interest or other current return and shall allocate the balance of the payment to principal. (c) If a trust receives 1 or more payments in exchange for the trust's entire interest in an asset-backed security in 1 accounting period, the trustee shall allocate the payments to principal. If a payment is 1 of a series of payments that will result in the liquidation of the trust's interest in the security over more than 1 accounting period, the trustee shall allocate 5 percent of the payment to income and the balance to principal. 77 Del. Laws, c. 99, §  1;
12 DE Code § 61-501. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 61. Delaware Uniform Principal and Income Act|Subchapter V. Allocation of Disbursements During Administration of Trust|§ 61-501. Disbursements from income.

§ 61-501. Disbursements from income. A trustee shall make the following disbursements from income to the extent that they are not disbursements to which § 61-201(2)(B) or (C) of this title applies:  (1) One-half of the regular compensation of the trustee and of any person providing investment advisory or custodial services to the trustee; (2) One-half of all expenses for accountings, judicial proceedings, or other matters that involve both the income and remainder interests; (3) All of the other ordinary expenses incurred in connection with the administration, management, or preservation of trust property and the distribution of income, including interest, ordinary repairs, regularly recurring taxes assessed against principal, and expenses of a proceeding or other matter that concerns primarily the income interest; and (4) Recurring premiums on insurance covering the loss of a principal asset or the loss of income from or use of the asset.77 Del. Laws, c. 99, §  1;
12 DE Code § 61-502. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 61. Delaware Uniform Principal and Income Act|Subchapter V. Allocation of Disbursements During Administration of Trust|§ 61-502. Disbursements from principal.

§ 61-502. Disbursements from principal. (a) A trustee shall make the following disbursements from principal:  (1) The remaining 1/2 of the disbursements described in § 61-501(1) and (2) of this title; (2) All of the trustee's compensation calculated on principal as a fee for acceptance, distribution, or termination, and disbursements made to prepare property for sale; (3) Payments on the principal of a trust debt; (4) Expenses of a proceeding that concerns primarily principal, including a proceeding to construe the trust or to protect the trust or its property; (5) Premiums paid on a policy of insurance not described in § 61-501(4) of this title of which the trust is the owner and beneficiary; (6) Estate, inheritance, and other transfer taxes, including penalties, apportioned to the trust; and (7) Disbursements related to environmental matters, including reclamation, assessing environmental conditions, remedying and removing environmental contamination, monitoring remedial activities and the release of substances, preventing future releases of substances, collecting amounts from persons liable or potentially liable for the costs of those activities, penalties imposed under environmental laws or regulations and other payments made to comply with those laws or regulations, statutory or common law claims by third parties, and defending claims based on environmental matters. (b) If a principal asset is encumbered with an obligation that requires income from that asset to be paid directly to the creditor, the trustee shall transfer from principal to income an amount equal to the income paid to the creditor in reduction of the principal balance of the obligation. 77 Del. Laws, c. 99, §  1;
12 DE Code § 61-503. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 61. Delaware Uniform Principal and Income Act|Subchapter V. Allocation of Disbursements During Administration of Trust|§ 61-503. Transfers from income to principal for depreciation.

§ 61-503. Transfers from income to principal for depreciation. (a) In this section, “depreciation” means a reduction in value due to wear, tear, decay, corrosion, or gradual obsolescence of a fixed asset having a useful life of more than 1 year. (b) A trustee may transfer to principal a reasonable amount of the net cash receipts from a principal asset that is subject to depreciation, but may not transfer any amount for depreciation:  (1) Of that portion of real property used or available for use by a beneficiary as a residence or of tangible personal property held or made available for the personal use or enjoyment of a beneficiary; (2) During the administration of a decedent's estate; or (3) Under this section if the trustee is accounting under § 61-403 of this title for the business or activity in which the asset is used. (c) An amount transferred to principal need not be held as a separate fund. 77 Del. Laws, c. 99, §  1;
12 DE Code § 61-504. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 61. Delaware Uniform Principal and Income Act|Subchapter V. Allocation of Disbursements During Administration of Trust|§ 61-504. Transfers from income to reimburse principal.

§ 61-504. Transfers from income to reimburse principal. (a) If a trustee makes or expects to make a principal disbursement described in this section, the trustee may transfer an appropriate amount from income to principal in 1 or more accounting periods to reimburse principal or to provide a reserve for future principal disbursements. (b) Principal disbursements to which subsection (a) of this section applies include the following, but only to the extent that the trustee has not been and does not expect to be reimbursed by a third party:  (1) An amount chargeable to income but paid from principal because it is unusually large, including extraordinary repairs; (2) A capital improvement to a principal asset, whether in the form of changes to an existing asset or the construction of a new asset, including special assessments; (3) Disbursements made to prepare property for rental, including tenant allowances, leasehold improvements, and broker's commissions; (4) Periodic payments on an obligation secured by a principal asset to the extent that the amount transferred from income to principal for depreciation is less than the periodic payments; and (5) Disbursements described in § 61-502(a)(7) of this title. (c) If the asset whose ownership gives rise to the disbursements becomes subject to a successive income interest after an income interest ends, a trustee may continue to transfer amounts from income to principal as provided in subsection (a) of this section. 77 Del. Laws, c. 99, §  1;
12 DE Code § 61-505. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 61. Delaware Uniform Principal and Income Act|Subchapter V. Allocation of Disbursements During Administration of Trust|§ 61-505. Income taxes.

§ 61-505. Income taxes. (a) A tax required to be paid by a trustee based on receipts allocated to income must be paid from income. (b) A tax required to be paid by a trustee based on receipts allocated to principal must be paid from principal, even if the tax is called an income tax by the taxing authority. (c) A tax required to be paid by a trustee on the trust's share of an entity's taxable income must be paid:  (1) From income to the extent that receipts from the entity are allocated only to income; (2) From principal to the extent that receipts from the entity are allocated only to principal; (3) Proportionately from principal and income to the extent that receipts from the entity are allocated to both income and principal; and (4) From principal to the extent that the tax exceeds the total receipts from the entity. (d) After applying subsections (a) through (c) of this section, the trustee shall adjust income or principal receipts to the extent that the trust's taxes are reduced because the trust receives a deduction for payments made to a beneficiary. 77 Del. Laws, c. 99, §  1;
12 DE Code § 61-506. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 61. Delaware Uniform Principal and Income Act|Subchapter V. Allocation of Disbursements During Administration of Trust|§ 61-506. Adjustments between principal and income because of taxes.

§ 61-506. Adjustments between principal and income because of taxes. (a) A fiduciary may make adjustments between principal and income to offset the shifting of economic interests or tax benefits between income beneficiaries and remainder beneficiaries which arise from:  (1) Elections and decisions, other than those described in subsection (b) of this section, that the fiduciary makes from time to time regarding tax matters; (2) An income tax or any other tax that is imposed upon the fiduciary or a beneficiary as a result of a transaction involving or a distribution from the estate or trust; or (3) The ownership by an estate or trust of an interest in an entity whose taxable income, whether or not distributed, is includable in the taxable income of the estate, trust, or a beneficiary. (b) If the amount of an estate tax marital deduction or charitable contribution deduction is reduced because a fiduciary deducts an amount paid from principal for income tax purposes instead of deducting it for estate tax purposes, and as a result estate taxes paid from principal are increased and income taxes paid by an estate, trust, or beneficiary are decreased, each estate, trust, or beneficiary that benefits from the decrease in income tax shall reimburse the principal from which the increase in estate tax is paid. The total reimbursement must equal the increase in the estate tax to the extent that the principal used to pay the increase would have qualified for a marital deduction or charitable contribution deduction but for the payment. The proportionate share of the reimbursement for each estate, trust, or beneficiary whose income taxes are reduced must be the same as its proportionate share of the total decrease in income tax. An estate or trust shall reimburse principal from income. 77 Del. Laws, c. 99, §  1;
12 DE Code § 61-601. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 61. Delaware Uniform Principal and Income Act|Subchapter VI. Miscellaneous Provisions|§ 61-601. Uniformity of application and construction.

§ 61-601. Uniformity of application and construction. In applying and construing subchapters I through V of this chapter, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among States that enact the Uniform Principal and Income Act. 77 Del. Laws, c. 99, §  1;
12 DE Code § 61-602. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 61. Delaware Uniform Principal and Income Act|Subchapter VI. Miscellaneous Provisions|§ 61-602. Applicability of § 61-409 of this title.

§ 61-602. Applicability of § 61-409 of this title. Section 61-409 of this title applies to a trust described in § 61-409(d) of this title on and after the following dates:  (1) If the trust is not funded as of the effective date of this chapter, that is, August 1, 2009, the date of decedent's death. (2) If the trust is initially funded in the calendar year beginning January 1, 2009, the date of the decedent's death. (3) If the trust is not described in paragraph (1) or (2) of this section, January 1, 2009.77 Del. Laws, c. 99, §  1;
12 DE Code § 61-603. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 61. Delaware Uniform Principal and Income Act|Subchapter VI. Miscellaneous Provisions|§ 61-603. Accounts with register of wills not affected.

§ 61-603. Accounts with register of wills not affected. Nothing in this chapter shall be construed to effect or change the form of accounting required under § 2301 of this title. 77 Del. Laws, c. 99, §  1;
12 DE Code § 61-604. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 61. Delaware Uniform Principal and Income Act|Subchapter VI. Miscellaneous Provisions|§ 61-604. Certain charitable remainder unitrusts.

§ 61-604. Certain charitable remainder unitrusts. (a) Notwithstanding any contrary provision of the chapter, if the trust instrument adopts the provisions of this section by reference, an increase in the value of the following investments owned by a charitable remainder unitrust of the type authorized in § 664(d)(3) of the Internal Revenue Code (26 U.S.C. § 664(d)(3)) or any successor provision thereof, is distributable as income when it becomes available for distribution:  (1) A zero coupon bond:  (2) An annuity contract before annuitization; (3) A life insurance contract before the death of the insured; (4) An interest in a common trust fund (as defined in § 584 of the Internal Revenue Code (26 U.S.C. § 584) or any successor provision thereof); (5) An interest in partnership (as defined in § 7701 of the Internal Revenue Code (26 U.S.C § 7701) or any successor provision thereof); or (6) Any other obligation for the payment of money that is payable at a future time in accordance with the a fixed, variable or discretionary schedule of appreciation in excess of the price at which it was issued. (b) For purposes of this section the increase in value of an investment described in subsection (a) of this section is available for distribution only when the trustee receives cash on account of the investment. Any trust instrument executed prior to June 30, 1997, that incorporates by reference the provisions of former subsection (c) of this section, which existed prior to amendment effective June 30, 1997, shall be deemed to have incorporated by reference this subsection. 77 Del. Laws, c. 99, §  1;
12 DE Code § 61-605. (2021)
2021 Delaware Code|Title 12 - Decedents' Estates and Fiduciary Relations|Chapter 61. Delaware Uniform Principal and Income Act|Subchapter VI. Miscellaneous Provisions|§ 61-605. Trusts governed by this act.

§ 61-605. Trusts governed by this act. This chapter shall apply to any trust that is administered in Delaware under Delaware law or to any trust, wherever administered, whose governing instrument provides that the construction or administration of the trust be governed by Delaware law. 77 Del. Laws, c. 99, §  1;
13 DE Code § 102. (2021)
2021 Delaware Code|Title 13 - Domestic Relations|Chapter 1. Marriage|Subchapter I. General Provisions|§ 102. Entering into a prohibited marriage; penalty.

§ 102. Entering into a prohibited marriage; penalty. The guilty party or parties to a marriage prohibited by § 101 of this title shall be fined $100, and in default of the payment of the fine shall be imprisoned not more than 30 days. Code 1852, §§  1435-1437;  27 Del. Laws, c. 261, §  1;  Code 1915, §  2992;  32 Del. Laws, c. 182, §  1;  Code 1935, §  3485;  13 Del. C. 1953, §  102;
13 DE Code § 103. (2021)
2021 Delaware Code|Title 13 - Domestic Relations|Chapter 1. Marriage|Subchapter I. General Provisions|§ 103. Issuing license for or solemnizing prohibited marriage; penalty.

§ 103. Issuing license for or solemnizing prohibited marriage; penalty. Whoever, being authorized to issue a marriage license, knowingly or wilfully issues a license for a marriage prohibited by this chapter or, being authorized to solemnize a marriage, knowingly or wilfully assists in the contracting or solemnizing of a prohibited marriage, shall be fined $100, and in default of the payment of such fine shall be imprisoned not more than 30 days. Code 1852, §§  1435-1437;  27 Del. Laws, c. 261, §  1;  Code 1915, §  2992;  32 Del. Laws, c. 182, §  1;  Code 1935, §  3485;  13 Del. C. 1953, §  103;
13 DE Code § 104. (2021)
2021 Delaware Code|Title 13 - Domestic Relations|Chapter 1. Marriage|Subchapter I. General Provisions|§ 104. Entering into prohibited marriage outside the State; penalty.

§ 104. Entering into prohibited marriage outside the State; penalty. If a marriage prohibited by this chapter is contracted or solemnized outside of the State, when the legal residence of either party to the marriage is in this State, and the parties thereto shall afterwards live and cohabit as spouses within the State, they shall be punished in the same manner as though the marriage had been contracted in this State. 27 Del. Laws, c. 261, §  1;  Code 1915, §  2992;  32 Del. Laws, c. 182, §  1;  Code 1935, §  3485;  13 Del. C. 1953, §  104;  70 Del. Laws, c. 186, §  1;
13 DE Code § 105. (2021)
2021 Delaware Code|Title 13 - Domestic Relations|Chapter 1. Marriage|Subchapter I. General Provisions|§ 105. Status of children of prohibited marriages.

§ 105. Status of children of prohibited marriages. Children of void or voidable marriages shall be deemed to be legitimate. 27 Del. Laws, c. 261, §  1;  Code 1915, §  2992;  32 Del. Laws, c. 182, §  1;  Code 1935, §  3485;  13 Del. C. 1953, §  105;