Distribution from trust or estate

1. Law
2. District of Columbia Code
3. Commercial Instruments and Transactions. [Enacted title]
4. Principal and Income; Uniform Law
5. Allocation of Receipts During Administration of Trust
6. Receipts From Entities
7. Distribution from trust or estate

A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest, and shall allocate to principal an amount received as a distribution of principal from such a trust or estate. If a trustee purchases an interest in a trust that is an investment entity, or a decedent or donor transfers an interest in such a trust to a trustee, § 28-4804.01 or § 28-4804.15 applies to a receipt from the trust.

(Apr. 27, 2001, D.C. Law 13-292, § 502(c), 48 DCR 2087.)

Section References

This section is referenced in § 28-4804.01.

Editor's Notes

Uniform Law: This section is based upon § 402 of the Uniform Principal and Income Act (1997 Act).

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