{"data":{"id":"us-nh/rsa-564-c-4-404","jurisdiction":"us-nh","citation":"RSA 564-C:4-404","heading":"Principal Receipts.","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 set forth in articles 4 or 5 of this chapter, money or other property received from the sale, exchange, liquidation, or change in form of a principal asset, including realized profit, subject to this article;\n(3) Amounts recovered from third parties to reimburse the trust because of disbursements described in RSA 564-C:5-502(a)(7) 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 must distribute income; and\n(6) Other receipts as provided in part 3.","path":["Title LVI: PROBATE COURTS AND DECEDENTS' ESTATES","Chapter Part 2: Receipts Not Normally Apportioned"],"source_url":"https://gc.nh.gov/rsa/html/LVI/564-C/564-C-4-404.htm","current_through":"2025 regular legislative session, or December 2025","vintage":"","retrieved_at":"2026-09-05T17:07:46Z","sha256":"848ce9d0de2f462b033f41968cf4b2089161dd683a503a3b589bc3343e9e0fb4","source_id":"us-nh","stale":false,"prev":"us-nh/rsa-564-c-4-403","next":"us-nh/rsa-564-c-4-405"},"notice":"GroundRules: Original legal text. Not legal advice."}