Uniform Principal and Income Act, Section 5: Constitutionality of Its Retroactive Application

Authors

Lawrence P. King, New York University School of Law

Publication Title

Washington University Law Quarterly

Abstract

The allocation of stock dividends received by a trustee to either income or corpus has been a recurring problem perplexing the courts for many years. The competing principles, designated as the Pennsylvania, Massachusetts, and Kentucky rules have each gained judicial recognition, but not all problems created by the declaration of stock dividends have been solved.

Recommended Citation

Lawrence P. King, Uniform Principal and Income Act, Section 5: Constitutionality of Its Retroactive Application, 1960 Wash. U. L. Q. 339 (1960).
Available at: https://openscholarship.wustl.edu/law_lawreview/vol1960/iss4/2