(1) A trustee shall allocate to principal:
To the extent not allocated to income under subparts 1 through 6 of this part 4, assetsreceived from a transferor during the transferor's lifetime, a decedent's estate, a trust with a terminating income interest, or a payer under a contract naming the trust or its trustee as beneficiary;
Money or other property received from the sale, exchange, liquidation, or change inform of a principal asset, including realized profit, subject to this subpart 4;
Amounts recovered from third parties to reimburse the trust because of disbursements described in section 15-1-427 (1)(g) or for other reasons to the extent not based on the loss of income;
Proceeds of property taken by eminent domain, but a separate award made for theloss of income with respect to an accounting period during which a current income beneficiary had a mandatory income interest is income;
Net income received in an accounting period during which there is no beneficiary towhom a trustee may or must distribute income; and
Other receipts as provided in sections 15-1-418 to 15-1-425.
Source: L. 2000: Entire part R&RE, p. 1139, § 1, effective July 1, 2001. L. 2009: (1)(a) amended, (HB 09-1241), ch. 169, p. 744, § 7, effective April 22.