75A-5-402. Receipts from entity -- Distribution from trust or estate.
(1) A fiduciary shall allocate: to income an amount received as a distribution of income, including a unitrust distribution under Part 3, Unitrust, from a trust or estate in which the fiduciary has an interest, other than an interest the fiduciary purchased in a trust that is an investment entity; and to principal an amount received as a distribution of principal from the trust or estate.
(2) If a fiduciary purchases, or receives from a settlor, an interest in a trust that is an investment entity, Section,, orapplies to a receipt from the trust. 75A-5-401 75A-5-415 75A-5-416