{"data":{"id":"us-ut/utah-code-75a-5-415","jurisdiction":"us-ut","citation":"Utah Code § 75A-5-415","heading":"Receipts normally apportioned -- Asset-backed security.","body":"(1) Except as otherwise provided in Subsection (2), a fiduciary shall allocate:\n(a) to income, a receipt from or related to an asset-backed security, to the extent that the payor identifies the payment as being from interest or other current return; and\n(b) to principal, the balance of the receipt.\n(2) If a fiduciary receives one or more payments in exchange for part or all of the fiduciary's interest in an asset-backed security, including a liquidation or redemption of the fiduciary's interest in the security, the fiduciary shall allocate:\n(a) to income, 10% of receipts from the transaction and 10% of disbursements made in connection with the transaction; and\n(b) to principal, the balance of the receipts and disbursements.","path":["Title 75A Fiduciaries","Chapter 75A-5 Uniform Fiduciary Income and Principal Act","Part 75A-5-4 Allocation of Receipts"],"source_url":"https://le.utah.gov/xcode/Title75A/Chapter5/75A-5-S415.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:34Z","sha256":"623dfbdfcb8b2a06bc5411f1d939a89f7076d57c2f0b78ba18a8663e6e54da81","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-75a-5-414","next":"us-ut/utah-code-75a-5-416"},"notice":"GroundRules: Original legal text. Not legal advice."}