GroundRules
12 Del. C. § 61-402: Distribution from trust or estate.
Where this section sits in the code
- Title 12. Decedents’ Estates and Fiduciary Relations
- Allocation of Principal and Income
- CHAPTER 61. Delaware Uniform Principal and Income Act
- Subchapter IV. Allocation of Receipts During Administration of Trust
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, § 61-401 or § 61-415 of this title applies to a receipt from the trust.
Collected 2026-09-05T23:02:16Z. Source file · JSON