{"data":{"id":"us-co/c.r.s.-15-1.2-404","jurisdiction":"us-co","citation":"C.R.S. § 15-1.2-404","heading":"Principal receipts.","body":"(1) A fiduciary shall allocate to principal:\n\n(a) To the extent not allocated to income under this article 1.2, an asset received from:\n\n(I) An individual during the individual's lifetime;\n\n(II) An estate;\n\n(III) A trust on termination of an income interest; or\n\n(IV) A payor under a contract naming the fiduciary as beneficiary;\n\n(b) Except as otherwise provided in this part 4, money or other property received from the sale, exchange, liquidation, or change in form of a principal asset;\n\n(c) An amount recovered from a third party to reimburse the fiduciary because of a disbursement described in section 15-1.2-502 (1) or for another reason to the extent not based on loss of income;\n\n(d) Proceeds of property taken by eminent domain; except that proceeds awarded for loss of income in an accounting period are income if a current income beneficiary had a mandatory income interest during the period;\n\n(e) Net income received in an accounting period during which there is no beneficiary to which a fiduciary may or must distribute income; and\n\n(f) Other receipts as provided in sections 15-1.2-408 through 15-1.2-416.","path":["Title 15 - PROBATE, TRUSTS, AND FIDUCIARIES","Article 1.2 - Uniform Fiduciary Income and Principal Act","Part 4 - ALLOCATION OF RECEIPTS"],"source_url":"https://olls.info/crs/crs2026-title-15.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"e68ef83d8c6461728f9dc4d07265b7973b65b19851e25dbd361f33bc3bbdf0a8","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-15-1.2-403","next":"us-co/c.r.s.-15-1.2-405"},"notice":"GroundRules: Original legal text. Not legal advice."}