{"data":{"id":"us-ny/n.y.-estates-powers-trusts-law-11-a-4.2","jurisdiction":"us-ny","citation":"N.Y. Estates, Powers \u0026 Trusts Law § 11-a-4.2","heading":"Distribution from trust or estate","body":"§ 11-A-4.2 Distribution from trust or estate\n  A trustee shall allocate to income an amount received as a\ndistribution of income from a trust or an estate in which the trust has\nan interest other than a purchased interest, and shall allocate to\nprincipal an amount received as a distribution of principal from such a\ntrust or estate. If a trustee purchases an interest in a trust that is\nan investment entity, or a decedent or donor transfers an interest in\nsuch a trust to a trustee, 11-A-4.1 or 11-A-4.15 applies to a receipt\nfrom the trust.","path":["Estates, Powers \u0026 Trusts Law","Article 11-A. Uniform Principal and Income Act","Part 4. Allocation of Receipts During Administration of Trust","Subpart 1. Receipts From Entities"],"source_url":"https://legislation.nysenate.gov/api/3/laws/EPT/11-A-4.2","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"8639b94a8f0e854c774c96a2eb8834f5eecf28749c08a7ec04d0f050e3e11be1","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-estates-powers-trusts-law-11-a-4.1","next":"us-ny/n.y.-estates-powers-trusts-law-11-a-4.3"},"notice":"GroundRules: Original legal text. Not legal advice."}