Arkansas § 28-77-402 Distribution from trust or estate

Arkansas Statutes

§ 28-77-402 — Distribution from trust or estate

Arkansas § 28-77-402

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This text of Arkansas § 28-77-402 (Distribution from trust or estate) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 28-77-402 (2026).

Text

A fiduciary shall allocate to income an amount received as a distribution of income, including a unitrust distribution under § 28-77-301 et seq., from a trust or estate in which the fiduciary has an interest, other than an interest the fiduciary purchased in a trust that is an investment entity, and shall allocate to principal an amount received as a distribution of principal from the trust or estate. If a fiduciary purchases, or receives from a settlor, an interest in a trust that is an investment entity, § 28-77-401 , § 28-77-415 , or § 28-77-416 applies to a receipt from the trust.

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A fiduciary shall allocate to income an amount received as a distribution of income, including a unitrust distribution under § 28-77-301 et seq., from a trust or estate in which the fiduciary has an interest, other than an interest the fiduciary purchased in a trust that is an investment entity, and shall allocate to principal an amount received as a distribution of principal from the trust or estate. If a fiduciary purchases, or receives from a settlor, an interest in a trust that is an investment entity, § 28-77-401 , § 28-77-415 , or § 28-77-416 applies to a receipt from the trust.