Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 11-A-4.2 — Distribution from trust or estate
N.Y. Est. Powers & Trusts Law § 11-A-4.2
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 11-A-4.2 Distribution from trust or estate
Citator
N.Y. Est. Powers & Trusts Law § 11-A-4.2 — Distribution from trust or estate is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.