{"data":{"id":"us-az/a.r.s.-14-7413","jurisdiction":"us-az","citation":"A.R.S. § 14-7413","heading":"Principal receipts","body":"A trustee shall allocate to principal:\n\n1. To the extent not allocated to income under this article, assets received from a transferor during the transferor's lifetime, a decedent's estate, a trust with a terminating income interest or a payer under a contract naming the trust or its trustee as beneficiary.\n\n2. Money or other property received from the sale, exchange, liquidation or change in form of a principal asset, including realized profit, subject to this article.\n\n3. Amounts recovered from third parties to reimburse the trust because of disbursements described in section 14-7426, subsection A, paragraph 7 or for other reasons to the extent not based on the loss of income.\n\n4. Proceeds of property taken by eminent domain, but a separate award made for the loss of income with respect to an accounting period during which a current income beneficiary had a mandatory income interest is income.\n\n5. Net income received in an accounting period during which there is no beneficiary to whom a trustee may or must distribute income.\n\n6. Other receipts as provided in sections 14-7417 through 14-7424.","path":["Title 14 Trusts, Estates and Protective Proceedings"],"source_url":"https://www.azleg.gov/ars/14/07413.htm","current_through":"2026-09-04","vintage":"2026-08-09","retrieved_at":"2026-09-04T00:49:56Z","sha256":"2034e7035055019d989c39eb762721eb385c5899b7dad10730f4704d579e1d1d","source_id":"us-az","stale":true,"prev":"us-az/a.r.s.-14-7412","next":"us-az/a.r.s.-14-7414"},"notice":"GroundRules: Original legal text. Not legal advice."}