TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

CHAPTER 34. PRINCIPAL AND INCOME

Part 4. Montana Uniform Principal and Income Act

Allocation Of Amounts Received From Specified Trusts Or Estates

72-34-434. Allocation of amounts received from specified trusts or estates. 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.

History: En. Sec. 14, Ch. 506, L. 2003.