Skip to content
ChatProjectCodes

DIVISION 9. TRUST LAW 15000-19530›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 · 2020-11 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.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — California Probate Code
California Probate Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.