{"data":{"id":"us-ar/ark.-code-ann.-28-70-402","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 28-70-402","heading":"Distribution from trust or estate.","body":"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, § 28-70-401 or § 28-70-415 applies to a receipt from the trust.","path":["Title 28 Wills, Estates, and Fiduciary Relationships","Subtitle 5. Fiduciary Relationships","Chapter 70 Uniform Principal And Income Act","Subchapter 4 — Allocation of Receipts During Administration of Trust","Part 1 — Receipts From Entities"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.28.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended","retrieved_at":"2026-09-17T21:09:03Z","sha256":"86d9f74fd59349e5de4f01991d35c0a5b8931a32bddaca2944d03dc0f5c1fc90","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-28-70-401","next":"us-ar/ark.-code-ann.-28-70-403"},"notice":"GroundRules: Original legal text. Not legal advice."}