{"data":{"id":"us-tx/tex.-property-code-116.152","jurisdiction":"us-tx","citation":"Tex. Property Code § 116.152","heading":"DISTRIBUTION FROM TRUST OR ESTATE.","body":"A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest, and shall allocate to principal an amount received as a distribution of principal from such a trust or estate. If a trustee purchases an interest in a trust that is an investment entity, or a decedent or donor transfers an interest in such a trust to a trustee, Section 116.151 or 116.178 applies to a receipt from the trust.\nAdded by Acts 2003, 78th Leg., ch. 659, Sec. 1, eff. Jan. 1, 2004.","path":["PROPERTY CODE","TITLE 9. TRUSTS","SUBTITLE B. TEXAS TRUST CODE: CREATION, OPERATION, AND TERMINATION OF TRUSTS","CHAPTER 116. UNIFORM PRINCIPAL AND INCOME ACT","SUBCHAPTER D. ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST"],"source_url":"https://statutes.capitol.texas.gov/Docs/PR/htm/PR.116.htm#116.152","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:37Z","sha256":"37465a4feccc4ceb40b142ed9181c6241846aa1160f5c697a91b8470acf288ac","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-property-code-116.151","next":"us-tx/tex.-property-code-116.153"},"notice":"GroundRules: Original legal text. Not legal advice."}