{"data":{"id":"us-ny/n.y.-estates-powers-trusts-law-11-a-4.4","jurisdiction":"us-ny","citation":"N.Y. Estates, Powers \u0026 Trusts Law § 11-a-4.4","heading":"Principal receipts","body":"§ 11-A-4.4 Principal receipts\n  A trustee shall allocate to principal:\n  (1) to the extent not allocated to income under this article, assets\nreceived from a transferor during the transferor's lifetime, a\ndecedent's estate, a trust with a terminating income interest, or a\npayer under a contract naming the trust or its trustee as beneficiary;\n  (2) money or other property received from the sale, exchange,\nliquidation, or change in form of a principal asset, including realized\nprofit, subject to this part;\n  (3) amounts recovered from third parties to reimburse the trust\nbecause of disbursements described in subparagraph 11-A-5.2 (a)(7) or\nfor 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\nmade for the loss of income with respect to an accounting period during\nwhich a current income beneficiary had a mandatory income interest is\nincome;\n  (5) net income received in an accounting period during which there is\nno beneficiary to whom a trustee may or must distribute income; and\n  (6) other receipts as provided in subpart 3.","path":["Estates, Powers \u0026 Trusts Law","Article 11-A. Uniform Principal and Income Act","Part 4. Allocation of Receipts During Administration of Trust","Subpart 2. Receipts Not Normally Apportioned"],"source_url":"https://legislation.nysenate.gov/api/3/laws/EPT/11-A-4.4","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"33b055297d7818caffc7cabaf452870f2e361a7c0de68a1c9c580968802baf80","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-estates-powers-trusts-law-11-a-4.3","next":"us-ny/n.y.-estates-powers-trusts-law-11-a-4.5"},"notice":"GroundRules: Original legal text. Not legal advice."}