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The DC Code: § 28-4804.02 Distribution from trust or estate.

Index28 Commercial Instruments and Transactions. (Refs & Annos)

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, § 28-4804.01 or § 28- 4804.15 applies to a receipt from the trust.

Historical and Statutory

Legislative History of Laws For Law 13-292, see notes following § 28-4801.01. Uniform Law This section is based upon § 402 of the Uniform Principal and Income Act (1997 Act). See 7B Uniform Laws Annotated, Master Edition, or ULA Database on Westlaw. DC CODE § 28-4804.02 Current through December 11, 2012

Credits

(Apr. 27, 2001, D.C. Law 13-292, § 502(c), 48 DCR 2087.)