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D R A F T

FOR DISCUSSION ONLY

UNIFORM PRINCIPAL AND INCOME ACT (199_)

________________________

NATIONAL CONFERENCE OF COMMISSIONERS

ON UNIFORM STATE LAWS

________________________

October 11, 1995, Draft

UNIFORM PRINCIPAL AND INCOME ACT (199_)

With Prefatory Note and Comments

COPYRIGHT 1995

By

NATIONAL CONFERENCE OF COMMISSIONERS

ON UNIFORM STATE LAWS

______________________________________________________________________________ ________________

The ideas and conclusions herein set forth, including drafts of proposed legislation, have not been passed upon by the National Conference of Commissioners on Uniform State Laws. They do not necessarily reflect the views of the Committee, Reporters or Commissioners. Proposed statutory language, if any, may not be used to ascertain legislative meaning of any promulgated final law.

DRAFTING COMMITTEE TO REVISE UNIFORM PRINCIPAL AND INCOME ACT

MATTHEW S. RAE, JR., 37th Floor, 777 South Figueroa Street, Los Angeles, CA 90017, Chair

FRANK W. DAYKIN, 4745 Giles Way, Carson City, NV 89704

E. EDWIN ECK, II, University of Montana, School of Law, P.O. Box 8911, Missoula, MT 59807

JOANNE B. HUELSMAN, Room 33 South, State Capitol, P.O. Box 7882, Madison, WI 53707

L. S. JERRY KURTZ, JR., 1050 Beech Lane, Anchorage, AK 99501

EDWARD F. LOWRY JR., Suite 1120, 2901 North Central Avenue, Phoenix, AZ 85012

ROBERT A. STEIN, American Bar Association, 750 North Lake Shore Drive, Chicago, IL 60611

HARRY M. WALSH, Office of Revisor of Statutes, 700 State Office Building, St. Paul, MN 55155

JOEL C. DOBRIS, University of California at Davis, School of Law, King Hall, Davis,

CA 95616, Co-Reporter

E. JAMES GAMBLE, Suite 1300, 525 North Woodward Avenue, Bloomfield Hills,

MI 48304, Co-Reporter

EX OFFICIO

BION M. GREGORY, Office of Legislative Counsel, State Capitol, Suite 3021, Sacramento,

CA 95814-4996, President

JOHN H. LANGBEIN, Yale Law School, P.O. Box 208215, New Haven, CT 06520,

Chair, Division D

EXECUTIVE DIRECTOR

FRED H. MILLER, University of Oklahoma, College of Law, 300 Timberdell Road, Norman,

OK 73019, Executive Director

WILLIAM J. PIERCE, 1505 Roxbury Road, Ann Arbor, MI 48104, Executive Director Emeritus

Copies of this Act may be obtained from:

NATIONAL CONFERENCE OF COMMISSIONERS ON UNIFORM STATE LAWS

676 North St. Clair Street, Suite 1700

Chicago, Illinois 60611

312/915-0195