# ORS § 129.275: 129.275 UPIA 302. Apportionment of receipts and disbursements when decedent dies or income interest begins

> Oregon · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.275

## Section

- **Citation:** ORS § 129.275
- **Heading:** 129.275 UPIA 302. Apportionment of receipts and disbursements when decedent dies or income interest begins
- **Jurisdiction:** Oregon
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** OR Code / Title 13 / Chapter 129 / Section 129.275

## Text

(1) A trustee shall allocate an income receipt or disbursement other than one to which ORS 129.250 (UPIA 201. Determination and distribution of net income) (1) applies to principal if its due date occurs before a decedent dies in the case of an estate or before an income interest begins in the case of a trust or successive income interest.

(2) A trustee shall allocate an income receipt or disbursement to income if its due date occurs on or after the date on which a decedent dies or an income interest begins and it is a periodic due date. An income receipt or disbursement must be treated as accruing from day to day if its due date is not periodic or it has no due date. The portion of the receipt or disbursement accruing before the date on which a decedent dies or an income interest begins must be allocated to principal and the balance must be allocated to income.

(3) An item of income or an obligation is due on the date the payer is required to make a payment. If a payment date is not stated, there is no due date for the purposes of this chapter. Distributions to shareholders or other owners from an entity to which ORS 129.300 (UPIA 401. Character of receipts) applies are deemed to be due on the date fixed by the entity for determining who is entitled to receive the distribution or, if no date is fixed, on the declaration date for the distribution. A due date is periodic for receipts or disbursements that must be paid at regular intervals under a lease or an obligation to pay interest or if an entity customarily makes distributions at regular intervals. [2003 c.279 §8]

Source: Section 129.275 — UPIA 302. Apportionment of receipts and disbursements when decedent dies or income interest begins , https://www.­oregonlegislature.­gov/bills_laws/ors/ors129.­html (accessed May 26, 2025).

## Nearby sections

- [ORS § 129.200 129.200 UPIA 101. Short title](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.200.md)
- [ORS § 129.205 129.205 UPIA 102. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.205.md)
- [ORS § 129.210 129.210 UPIA 103. Fiduciary duties](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.210.md)
- [ORS § 129.215 129.215 UPIA 104. Trustee’s power to adjust](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.215.md)
- [ORS § 129.220 129.220 UPIA 105. Judicial control of discretionary power](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.220.md)
- [ORS § 129.225 129.225 Conversion to unitrust](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.225.md)
- [ORS § 129.250 129.250 UPIA 201. Determination and distribution of net income](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.250.md)
- [ORS § 129.255 129.255 UPIA 202. Distribution to residuary and remainder beneficiaries](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.255.md)
- [ORS § 129.270 129.270 UPIA 301. When right to income begins and ends](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.270.md)
- [ORS § 129.275 129.275 UPIA 302. Apportionment of receipts and disbursements when decedent dies or income interest begins](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.275.md)
- [ORS § 129.280 129.280 UPIA 303. Apportionment when income interest ends](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.280.md)
- [ORS § 129.300 129.300 UPIA 401. Character of receipts](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.300.md)
- [ORS § 129.305 129.305 UPIA 402. Distribution from trust or estate](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.305.md)
- [ORS § 129.308 129.308 UPIA 403. Business and other activities conducted by trustee](https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.308.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OR_T13_C129_S129.275. Check the current official text before relying on it. Not legal advice.