§ 738.310, Fla. Stat. · Chapter 738. UNIFORM FIDUCIARY INCOME AND PRINCIPAL ACT
Other rules.
Text — 2026 Florida Statutes
Following the conversion of an income trust to a unitrust, the trustee shall consider the unitrust amount as paid from the following sources, which are listed in order of priority:
(1) Net accounting income determined under this chapter as if the trust were not a unitrust;
(2) Ordinary income not allocable to net accounting income;
(3) Net realized short-term capital gains;
(4) Net realized long-term capital gains; and
(5) The principal of the trust.
Notes and commentary — not statutory text
History
s. 19, ch. 2024-216.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0700-0799/0738/0738.html
- Text hash
- sha256 ecf66f551d7a3ed13717b173e14671aae7242adcb65a12d98f4488d239f2a373
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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Cited by 11 provisions
Provisions in this library whose text cites § 738.310, Fla. Stat.. Each shows the citation as that text prints it.
The Florida Statutes
- § 738.102, Fla. Stat.Definitions.Printed as ss. 738.301-738.310
- § 738.201, Fla. Stat.Fiduciary duties; general principles.Printed as ss. 738.301-738.310
- § 738.202, Fla. Stat.Judicial review of exercise of discretionary power; request for instruction.Printed as ss. 738.301-738.310
- § 738.203, Fla. Stat.Fiduciary’s power to adjust.Printed as ss. 738.301-738.310
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.