Idaho Statutes
§ 68-10-402 — DISTRIBUTION FROM TRUST OR ESTATE
Idaho·Title 68 TRUSTS AND FIDUCIARIES·Part 4. ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST·Ch. 10 UNIFORM PRINCIPAL AND INCOME ACT
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, section 68-10-401 or 68-10-415, Idaho Code, applies to a receipt from the trust.
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Idaho § 68-10-402 (DISTRIBUTION FROM TRUST OR ESTATE) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
[68-10-402, added 2001, ch. 261, sec. 2, p. 953.]
Nearby Sections
15
§ 68-10-101
SHORT TITLE§ 68-10-102
DEFINITIONS§ 68-10-103
FIDUCIARY DUTIES — GENERAL PRINCIPLES§ 68-10-104
TRUSTEE’S POWER TO ADJUST§ 68-10-105
NOTICE OF PROPOSED ACTION§ 68-10-201
DETERMINATION AND DISTRIBUTION OF NET INCOME§ 68-10-301
WHEN RIGHT TO INCOME BEGINS AND ENDS§ 68-10-303
APPORTIONMENT WHEN INCOME INTEREST ENDS§ 68-10-401
CHARACTER OF RECEIPTS§ 68-10-402
DISTRIBUTION FROM TRUST OR ESTATE§ 68-10-404
PRINCIPAL RECEIPTS§ 68-10-405
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