{"data":{"id":"us-nm/46-3a-402","jurisdiction":"us-nm","citation":"46-3A-402","heading":"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 401 or 415 [46-3A-401 to 46-3A-415 NMSA 1978] applies to a receipt from the trust.","path":["Chapter 46 - Fiduciaries and Trusts","ARTICLE 3A Uniform Principal and Income"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18547/index.do","current_through":"2024-04-26","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"a6e2c44d14299aebc687693092fd03b3fd5d0f0be8ffaefc1709b78bd1c531b7","source_id":"us-nm","stale":false,"prev":"us-nm/46-3a-401","next":"us-nm/46-3a-403"},"notice":"GroundRules: Original legal text. Not legal advice."}