{"data":{"id":"us-sd/sdcl-55-13a-404","jurisdiction":"us-sd","citation":"SDCL § 55-13A-404","heading":"Principal receipts.","body":"A trustee shall allocate to principal:\n(1) To the extent not allocated to income under this chapter, assets received from a transferor during the transferor's lifetime, a decedent's estate, a trust with a terminating income interest, or a payer under a contract naming the trust or its trustee as beneficiary;\n(2) Money or other property received from the sale, exchange, liquidation, or change in form of a principal asset, including realized profit, subject to this article;\n(3) Amounts recovered from third parties to reimburse the trust because of disbursements described in § 55-13A-502(a)(7) or for 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 made for the loss of income with respect to an accounting period during which a current income beneficiary had a mandatory income interest is income;\n(5) Net income received in an accounting period during which there is no beneficiary to whom a trustee may or must distribute income; and\n(6) Other receipts as provided in §§ 55-13A-408 to 55-13A-415, inclusive.","path":["TITLE 55. FIDUCIARIES AND TRUSTS","CHAPTER 55-13A. UNIFORM PRINCIPAL AND INCOME ACT"],"source_url":"https://sdlegislature.gov/Statutes/55-13A-404","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"7286e9948282b38fda43aebd1a8d5e1abf588f96386cef111be58f64b3b0731e","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-55-13a-403","next":"us-sd/sdcl-55-13a-405"},"notice":"GroundRules: Original legal text. Not legal advice."}