GroundRules
72-34-434: Allocation of amounts received from specified trusts or estates.
Where this section sits in the code
- TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS
- CHAPTER 34. PRINCIPAL AND INCOME
- Part 4. Montana Uniform Principal and Income Act
A trustee shall allocate to income an amount received as a distribution of income from a trust or a decedent's estate, other than an interest in an investment entity, 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 the trust or estate.
Collected 2026-09-14T04:59:29Z. Source file · JSON