{"data":{"id":"us-mt/72-34-436","jurisdiction":"us-mt","citation":"72-34-436","heading":"Amounts allocated to principal.","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) subject to any contrary rules in 72-34-433 through 72-34-447, money or other property received from the sale, exchange, liquidation, or change in form of a principal asset, including realized profit;\n(3) amounts recovered from third parties to reimburse the trust because of disbursements described in 72-34-449(1)(g) 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 is required to distribute income; and\n(6) other receipts allocated to principal as provided in 72-34-440 through 72-34-447.","path":["TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS","CHAPTER 34. PRINCIPAL AND INCOME","Part 4. Montana Uniform Principal and Income Act"],"source_url":"https://mca.legmt.gov/bills/mca/title_0720/chapter_0340/part_0040/section_0360/0720-0340-0040-0360.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:59:29Z","sha256":"a1d6472bf4768c2455bf6f007171896dad16fc3f0d6859fb8d15d6a0ee9c7575","source_id":"us-mt","stale":false,"prev":"us-mt/72-34-435","next":"us-mt/72-34-437"},"notice":"GroundRules: Original legal text. Not legal advice."}