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UPIA

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AcronymDefinition
UPIAUniform Prudent Investor Act
UPIAUniform Principal and Income Act
UPIAUnknown Phenomena Investigation Association
UPIAUniversity of Pittsburgh Institute on Aging (Pittsburgh, PA)
UPIAUniform Penalty and Interest Act (Illinois)
UPIAUnited Press International Acquisition Corp.


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UPIA Section 103(b) directs the trustee to administer the trust "impartially.
The UPIA stated simply, All categoric restrictions on types of investments have been abrogated; the trustee can invest in anything that plays an appropriate role in achieving the risk/return objectives of the trust.
The UPIA "glitch" portion of the bill, jointly supported by the RPPTL Section, the FBA and the Florida Institute of Certified Public Accountants, provides a revised definition for "unitrust amount;" provides a definition for "undistributed income;" provides for the appointment of a "disinterested trustee" in appropriate circumstances; sets special rules for money or properties received by certain targeted entities; and makes other changes to the Uniform Principle and Income Act.
 
 
 
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