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DIVISION 9. TRUST LAW 15000-19403›PART 4. TRUST ADMINISTRATION 16000-16504›CHAPTER 3. Uniform Principal and Income Act 16320-16375›ARTICLE 5.1. Allocation of Receipts During Administration of Trust: Receipts From Entities 16350-16352

§ 16351

California Probate Code · 2018-11 edition · updated 2026-10-04 · California

A trustee shall allocate to income an amount received as a distribution of income from a trust or a decedent’s estate (other than an interest in an investment entity) 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 the trust or estate.

(Added by Stats. 1999, Ch. 145, Sec. 5. Effective January 1, 2000.)

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California Probate Code

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