Utah § 75A-5-404 Receipts not normally apportioned -- Principal receipts.

Utah Statutes

§ 75A-5-404 — Receipts not normally apportioned -- Principal receipts.

Utah § 75A-5-404

Title 75AFiduciaries

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

Part 75A-5-4Allocation of Receipts

This text of Utah § 75A-5-404 (Receipts not normally apportioned -- Principal receipts.) 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-5-404 (2026).

Text

A fiduciary shall allocate to principal:

(1)to the extent not allocated to income under this chapter, an asset received from:

(1)(a) an individual during the individual's lifetime;

(1)(b) an estate;

(1)(c) a trust on termination of an income interest; or

(1)(d) a payor under a contract naming the fiduciary as beneficiary;

(2)except as otherwise provided in this part, money or other property received from the sale, exchange, liquidation, or change in form of a principal asset;

(3)an amount recovered from a third party to reimburse the fiduciary because of a disbursement described in Subsection 75A-5-502(1) or for another reason to the extent not based on loss of income;

(4)proceeds of property taken by eminent domain, except that proceeds awarded for loss of income in an accounting peri

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A fiduciary shall allocate to principal:
(1) to the extent not allocated to income under this chapter, an asset received from:
(1)(a) an individual during the individual's lifetime;
(1)(b) an estate;
(1)(c) a trust on termination of an income interest; or
(1)(d) a payor under a contract naming the fiduciary as beneficiary;
(2) except as otherwise provided in this part, money or other property received from the sale, exchange, liquidation, or change in form of a principal asset;
(3) an amount recovered from a third party to reimburse the fiduciary because of a disbursement described in Subsection 75A-5-502(1) or for another reason to the extent not based on loss of income;
(4) proceeds of property taken by eminent domain, except that proceeds awarded for loss of income in an accounting period are income if a current income beneficiary had a mandatory income interest during the accounting period;
(5) net income received in an accounting period during which there is no beneficiary to which a fiduciary is permitted or required to distribute income; and
(6) other receipts as provided in Part 3, Unitrust.