{"data":{"id":"us-ok/okla.-stat.-tit.-60-60-175.404","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 60, § 60-175.404","heading":"Principal receipts","body":"PRINCIPAL RECEIPTS\n\nA trustee shall allocate to principal:\n\n1. To the extent not allocated to income under this act, assets\n\nreceived from a transferor during the transferor's lifetime, a\n\ndecedent's estate, a trust with a terminating income interest, or a\n\npayer under a contract naming the trust or its trustee as\n\nbeneficiary;\n\n2. Money or other property received from the sale, exchange,\n\nliquidation, or change in form of a principal asset, including\n\nrealized profit, subject to this article;\n\n3. Amounts recovered from third parties to reimburse the trust\n\nbecause of disbursements described in paragraph 7 of subsection A of\n\nSection 26 of this act or for other reasons to the extent not based\n\non the loss of income;\n\n4. Proceeds of property taken by eminent domain, but a separate\n\naward made for the loss of income with respect to an accounting\n\nperiod during which a current income beneficiary had a mandatory\n\nincome interest is income;\n\n5. Net income received in an accounting period during which\n\nthere is no beneficiary to whom a trustee may or must distribute\n\nincome; and\n\n6. Other receipts as provided in Part 3 of this article.","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":"cf467ec8cc3a2a615ad41663ea5be224b6a1a55eb103a5e6bf9245ac94541e35","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-60-60-175.403","next":"us-ok/okla.-stat.-tit.-60-60-175.405"},"notice":"GroundRules: Original legal text. Not legal advice."}