{"data":{"id":"us-md/md.-code-estates-and-trusts-15-509","jurisdiction":"us-md","citation":"Md. Code, Estates and Trusts § 15–509","heading":"","body":"(a) A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest, and shall allocate to principal an amount received as a distribution of principal from such a trust or estate.\n(b) If a trustee purchases an interest in a trust that is an investment entity, or a decedent or donor transfers an interest in such a trust to a trustee, § 15–508 or § 15–522 of this subtitle applies to a receipt from the trust.","path":["Article - Estates and Trusts"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=get\u0026section=15-509","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:07Z","sha256":"0dd17d5c03c2fc09500c564d61013304581e82a7c5ef27a2e3c74fdc79777d06","source_id":"us-md","stale":false,"prev":"us-md/md.-code-estates-and-trusts-15-508","next":"us-md/md.-code-estates-and-trusts-15-510"},"notice":"GroundRules: Original legal text. Not legal advice."}