N.Y. Estates, Powers & Trusts Law § 11-A-4.2
Distribution from trust or estate
New York · New York Estates, Powers & Trusts Law · Status: effective · Effective 2014-09-22
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- Citation
- N.Y. Estates, Powers & Trusts Law § 11-A-4.2, Distribution from trust or estate, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1105366
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Full text
§ 11-A-4.2 Distribution from trust or estate
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, 11-A-4.1 or 11-A-4.15 applies to a receipt
from the trust.