{"data":{"id":"us-mi/mich.-comp.-laws-555.802","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 555.802","heading":"Income; principal; allocation of amounts received as distributions from trust or purchased interest.","body":"Sec. 402.\n\nA 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. 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, section 401 or 415 applies to a receipt from the trust.","path":["MI Code","Chapter 555","Act Act-159-of-2004"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-555-802","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"069d8bd888c2873703d0a00e8e6b98b493f07aa83baeb69edeaab3f021233322","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-555.801","next":"us-mi/mich.-comp.-laws-555.803"},"notice":"GroundRules: Original legal text. Not legal advice."}