| Code of Alabama |
| Match Context and Document information |
| URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/10A-10-1.24.htm |
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| Depth: | 0 singles |
| Size: | 797 bytes |
| Modified: | 2011-01-17 15:28:56 |
| Categories: | -None- |
| Title: | 10A-10-1.24 |
| Description: | -None- |
| Keywords: | -None- |
| Meta data: | -None- |
| Body: | Section 10A-10-1.24 Treatment of distribution. Distributions made from ordinary income by a real estate investment trust are income. All other distributions made by the trust, including distributions from capital gains, depreciation, or depletion, whether in the form of cash or an option to take new stock or cash or an option to purchase additional shares, are principal. (Acts 1995, No. 95-628, p. 1317, §24; §10-13-24; amended and renumbered by Act 2009-513, p. 967, §310.) |