{"data":{"id":"us-ct/conn.-gen.-stat.-45a-542l","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 45a-542l","heading":"Principal receipts.","body":"A trustee shall allocate to principal:\n(1) To the extent not allocated to income under sections 45a-542 to 45a-542ff, inclusive, 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(2) Money or other property received from the sale, exchange, liquidation or change in form of a principal asset, including realized profit, subject to sections 45a-542i to 45a-542w, inclusive;\n(3) Amounts recovered from third parties to reimburse the trust because of disbursements described in subdivision (7) of subsection (a) of section 45a-542y or for other reasons to the extent not based on the loss of income;\n(4) 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(5) Net income received in an accounting period during which there is no beneficiary to whom a trustee may or must distribute income; and\n(6) Other receipts as provided in sections 45a-542p to 45a-542w, inclusive.","path":["TITLE 45a. PROBATE COURTS AND PROCEDURE","CHAPTER 802c*. TRUSTS","PART VIII. CONNECTICUT UNIFORM PRINCIPAL AND INCOME ACT"],"source_url":"https://www.cga.ct.gov/current/pub/chap_802c.htm#sec_45a-542l","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:15Z","sha256":"5daa57d5081c70e1ba04b65b427de83fcadf4f4438f00030ac1b1bdba4076396","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-45a-542k","next":"us-ct/conn.-gen.-stat.-45a-542m"},"notice":"GroundRules: Original legal text. Not legal advice."}