{"data":{"id":"us-de/12-del.-c.-61-404","jurisdiction":"us-de","citation":"12 Del. C. § 61-404","heading":"Principal receipts.","body":"A trustee shall allocate to principal:\n(1) To the extent not allocated to income under this chapter, 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 this subchapter;\n(3) Amounts recovered from third parties to reimburse the trust because of disbursements described in § 61-502(a)(7) of this title 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 subchapter III of this chapter.","path":["Title 12. Decedents’ Estates and Fiduciary Relations","Allocation of Principal and Income","CHAPTER 61. Delaware Uniform Principal and Income Act","Subchapter IV. Allocation of Receipts During Administration of Trust"],"source_url":"https://delcode.delaware.gov/title12/c061/sc04/index.html#61-404","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:16Z","sha256":"110a264c7bb16cafd006901136dffef8e14e00703c45698cef49ded033849e25","source_id":"us-de","stale":true,"prev":"us-de/12-del.-c.-61-403","next":"us-de/12-del.-c.-61-405"},"notice":"GroundRules: Original legal text. Not legal advice."}