{"data":{"id":"us-ok/okla.-stat.-tit.-60-60-175.302","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 60, § 60-175.302","heading":"Apportionment of receipts and disbursements when","body":"decedent dies or income interest begins.\n\nAPPORTIONMENT OF RECEIPTS AND DISBURSEMENTS\n\nWHEN DECEDENT DIES OR INCOME INTEREST BEGINS\n\nA. A trustee shall allocate an income receipt or disbursement\n\nother than one to which paragraph 1 of Section 5 of this act applies\n\nto principal if its due date occurs before a decedent dies in the\n\ncase of an estate or before an income interest begins in the case of\n\na trust or successive income interest.\n\nB. A trustee shall allocate an income receipt or disbursement\n\nto income if its due date occurs on or after the date on which a\n\ndecedent dies or an income interest begins and it is a periodic due\n\ndate. An income receipt or disbursement must be treated as accruing\n\nfrom day to day if its due date is not periodic or it has no due\n\ndate. The portion of the receipt or disbursement accruing before\n\nthe date on which a decedent dies or an income interest begins must\n\nbe allocated to principal and the balance must be allocated to\n\nincome.\n\nC. An item of income or an obligation is due on the date the\n\npayer is required to make a payment. If a payment date is not\n\nstated, there is no due date for the purposes of this act.\n\nDistributions to shareholders or other owners from an entity to\n\nwhich Section 10 of this act applies are deemed to be due on the\n\ndate fixed by the entity for determining who is entitled to receive\n\nthe distribution or, if no date is fixed, on the declaration date\n\nfor the distribution. A due date is periodic for receipts or\n\ndisbursements that must be paid at regular intervals under a lease\n\nor an obligation to pay interest or if an entity customarily makes\n\ndistributions at regular intervals.","path":["OK Code","Title 60"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os60.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"c199816911cc6b683715c34f603f9631c9916ef8b1e87e4c0562633e93fe39fb","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-60-60-175.301","next":"us-ok/okla.-stat.-tit.-60-60-175.303"},"notice":"GroundRules: Original legal text. Not legal advice."}