New Hampshire Statutes
§ 564-C:4-402 — Distribution from Trust or Estate
New Hampshire·Title LVI PROBATE COURTS AND DECEDENTS' ESTATES·Ch. 564-C UNIFORM PRINCIPAL AND INCOME ACT·Subdivision Part 1Receipts from Entities
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, RSA 564 C:4-401 or RSA 564-C:4-415 applies to a receipt from the trust.
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Legislative History
2006, 320:68, eff. Aug. 19, 2006.
Nearby Sections
15
§ 564-C:1-101
Short Title§ 564-C:1-102
Definitions§ 564-C:1-103
Fiduciary Duties; General Principles§ 564-C:1-104
Trustee's Power to Adjust§ 564-C:1-105
Judicial Control of Discretionary Power§ 564-C:1-106
Trustee's Power to Convert to Unitrust§ 564-C:1-107
Creation of Total Return Unitrust§ 564-C:2-201
Determination and Distribution of Net Income§ 564-C:3-301
When Right to Income Begins and Ends§ 564-C:3-302
Apportionment of Receipts and Disbursements When Decedent Dies or Income Interest Begins§ 564-C:3-303
Apportionment When Income Interest Ends§ 564-C:4-401
Character of Receipts§ 564-C:4-402
Distribution from Trust or Estate§ 564-C:4-403
Business and Other Activities Conducted by Trustee