{"data":{"id":"us-me/18-c-m.r.s.-7-444","jurisdiction":"us-me","citation":"18-C M.R.S. §7-444","heading":"Principal receipts","body":"A trustee shall allocate to principal:\n1.  Assets received.  To the extent not allocated to income under this Part, assets received from a transferor during the transferor's lifetime, a decedent's estate, a trust with a terminating income interest or a payor under a contract naming the trust or its trustee as beneficiary;\n2.  Received from sale, exchange, liquidation or change in form of asset.  Money or other property received from the sale, exchange, liquidation or change in form of a principal asset, including realized profit, subject to this subpart;\n3.  Reimbursements because of disbursements.  Amounts recovered from 3rd parties to reimburse the trust because of disbursements described in section 7‑462, subsection 1, paragraph G or for other reasons to the extent not based on the loss of income;\n4.  Proceeds of property taken by eminent domain.  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;\n5.  Net income without beneficiary.  Net income received in an accounting period during which there is no beneficiary to whom a trustee may or must distribute income; and\n6.  Other receipts.  Other receipts as provided in sections 7‑448 to 7‑455.","path":["TITLE 18-C: PROBATE CODE","PART 4: UNIFORM PRINCIPAL AND INCOME ACT OF 1997"],"source_url":"https://legislature.maine.gov/statutes/18-C/title18-Csec7-444.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:29Z","sha256":"48b5b3e9e15916360daa3972021c15950e22c8a208c583bb0873dc44372198bc","source_id":"us-me","stale":false,"prev":"us-me/18-c-m.r.s.-7-443","next":"us-me/18-c-m.r.s.-7-445"},"notice":"GroundRules: Original legal text. Not legal advice."}