47-03 Accumulations of Property

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CHAPTER 47-03ACCUMULATIONS OF PROPERTY47-03-01. Income defined. The income of property, as the term is used in this title,includes the rents and profits of real property, the interest of money, dividends upon stock, and<br>other produce of personal property.47-03-02. Income from future interests - Dispositions. Dispositions of the income ofproperty to accrue and to be received at any time subsequent to the execution of the instrument<br>creating such dispositions are governed by the rules prescribed in this title in relation to future<br>interests.47-03-03.Undisposed income - Persons entitled to future interest.When, inconsequence of a valid limitation of a future interest, there is a suspension of the power of<br>alienation or of the ownership, during the continuation of which the income is undisposed of, and<br>no valid direction for its accumulation is given, such income belongs to the persons<br>presumptively entitled to the next eventual interest.47-03-04. Accumulation of income - How directed. 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