Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/19-3A-402.htm |
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Depth: | 0 singles |
Size: | 951 bytes |
Modified: | 2003-09-04 14:26:52 |
Categories: | -None- |
Title: | 19-3A-402 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 19-3A-402 Distributions from trust or decedent's estate. A fiduciary shall allocate to income an amount received as a distribution of income from a trust or a decedent's 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 decedent's estate. If a fiduciary 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 fiduciary, then Section 19-3A-401 or Section 19-3A-415 applies to a receipt from such a trust. (Act 2000-675, p. 1343, ยง1.) |