Maryland Statutes
§ 15-509
Maryland § 15-509
This text of Maryland § 15-509 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Estates and Trusts § 15-509 (2026).
Text
(a)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.
(b)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, § 15–508 or § 15–522 of this subtitle applies to a receipt from the trust.
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Bluebook (online)
Maryland § 15-509, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/get/15-509.