{"data":{"id":"us-nd/n.d.-cent.-code-59-04.2-10","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 59-04.2-10","heading":"(402) Distribution from trust or estate","body":"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. 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 59-04.2-09 or 59-04.2-23 applies to a receipt from the trust.","path":["Title 59 Trusts","Chapter 59-04.2 Uniform Principal And Income Act (1997)"],"source_url":"https://ndlegis.gov/cencode/t59c04-2.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"458acfc1f214caa5ae05790b5b8511c3a5506913f444355970bda93badaf5d04","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-59-04.2-09","next":"us-nd/n.d.-cent.-code-59-04.2-11"},"notice":"GroundRules: Original legal text. Not legal advice."}