Indiana Statutes
§ 30-2-14-24 — Distributions of principal and income from trust or estate
A trustee shall allocate to:
(1)income an amount received as a distribution of income; and
(2)principal an amount received as a distribution of principal;
from a trust or an estate in which the trust has an interest other than a
purchased interest. 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 23 or 37 of this chapter applies to a receipt
from the trust.
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Indiana § 30-2-14-24 (Distributions of principal and income from trust or estate) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.84-2002, SEC.2.
Nearby Sections
15
§ 30-1-2-1
Stocks; bonds; securities§ 30-1-2-2
Securities not listed; terms§ 30-1-4-1
Eligible investments§ 30-1-5-1
Securities; insurance§ 30-1-6-3
Bidding; report; hearing; endorsement§ 30-1-6-5
Acts conclusive; disaffirmance denied§ 30-1-7-2
Petition to execute options; prospectus§ 30-1-7-3
Hearing; order of court§ 30-1-7-4
Binding and conclusive; disaffirmance§ 30-1-8-1
Definitions