This chapter may be cited as the Uniform Principal and Income Act. [2003 c.279 § 1]

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Section 34, chapter 279, Oregon Laws 2003, provides:

Except as may be expressly provided in a will or in the terms of a trust or in sections 1 to 31 of this 2003 Act [ORS chapter 129], sections 1 to 31 of this 2003 Act apply to the administration of all trusts and estates, whether coming into existence before, on or after the effective date of this 2003 Act [January 1, 2004]. [2003 c.279 § 34]