{"data":{"id":"us-tn/tenn.-code-ann.-35-6-404","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 35-6-404","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 chapter;\n(3) Amounts recovered from third parties to reimburse the trust because of disbursements described in § 35-6-502(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 Part 4C, §§ 35-6-408 - 35-6-415.","path":["TN Code","Title 35","Chapter 6"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"dd4a0f467178c01f46180c4207b71ab24fdc4279bf3839b17358db61189c15a7","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-35-6-403","next":"us-tn/tenn.-code-ann.-35-6-405"},"notice":"GroundRules: Original legal text. Not legal advice."}