Utah § 75A-5-402 Receipts from entity -- Distribution from trust or estate.

Utah Statutes

§ 75A-5-402 — Receipts from entity -- Distribution from trust or estate.

Utah § 75A-5-402

Title 75AFiduciaries

Ch. 75A-5Uniform Fiduciary Income and Principal Act

Part 75A-5-4Allocation of Receipts

This text of Utah § 75A-5-402 (Receipts from entity -- Distribution from trust or estate.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 75A-5-402 (2026).

Text

(1)A fiduciary shall allocate:

(1)(a) to income an amount received as a distribution of income, including a unitrust distribution under Part 3, Unitrust, 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

(1)(b) to principal an amount received as a distribution of principal from the trust or estate.

(2)If a fiduciary purchases, or receives from a settlor, an interest in a trust that is an investment entity, Section 75A-5-401, 75A-5-415, or 75A-5-416 applies to a receipt from the trust.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) A fiduciary shall allocate:
(1)(a) to income an amount received as a distribution of income, including a unitrust distribution under Part 3, Unitrust, 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
(1)(b) to principal an amount received as a distribution of principal from the trust or estate.
(2) If a fiduciary purchases, or receives from a settlor, an interest in a trust that is an investment entity, Section 75A-5-401, 75A-5-415, or 75A-5-416 applies to a receipt from the trust.