{"data":{"id":"us-ca/prob-16341","jurisdiction":"us-ca","citation":"PROB § 16341","heading":"","body":"A fiduciary shall allocate to income an amount received as a distribution of income, including a unitrust distribution under Article 3 (commencing with Section 16330), from a trust or estate in which the fiduciary has an interest, other than an interest the fiduciary purchased in a trust that is an investment entity, and shall allocate to principal an amount received as a distribution of principal from the trust or estate. If a fiduciary purchases, or receives from a settlor, an interest in a trust that is an investment entity, Section 16340, 16354, or 16355 applies to a receipt from the trust.","path":["Probate Code - PROB","DIVISION 9. TRUST LAW [15000. - 19530.]","PART 4. TRUST ADMINISTRATION [16000. - 16632.]","CHAPTER 3. Uniform Fiduciary Income and Principal Act [16320. - 16383.]","ARTICLE 4. Allocation of Receipts [16340. - 16355.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"21f69de72d696fe3d4829b73f17a8fda6e2f1b9a40df476805148b3c56f95fb7","source_id":"us-ca","stale":false,"prev":"us-ca/prob-16340","next":"us-ca/prob-16342"},"notice":"GroundRules: Original legal text. Not legal advice."}