{"data":{"id":"us-nv/nrs-164.830","jurisdiction":"us-nv","citation":"NRS 164.830","heading":"Allocation of amount received as distribution of income to income; allocation of distribution of principal to principal; purchase of interest in trust that is investment entity.","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 a trustee 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, NRS 164.825 or 164.895 applies to a receipt from the trust.","path":["TITLE 13 — GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS","CHAPTER 164 - ADMINISTRATION OF TRUSTS","MANAGEMENT AND INVESTMENT OF PROPERTY","Principal and Income (Uniform Act)"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-164.html#NRS164Sec830","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:33Z","sha256":"69cf1915f8a516b659b7cce406f23845fea9895f01a7557b13afc161ada35343","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-164.825","next":"us-nv/nrs-164.835"},"notice":"GroundRules: Original legal text. Not legal advice."}