75A-5-404. Receipts not normally apportioned -- Principal receipts.
A fiduciary shall allocate to principal:
(1) to the extent not allocated to income under this chapter, an asset received from: an individual during the individual's lifetime; an estate; a trust on termination of an income interest; or a payor under a contract naming the fiduciary as beneficiary;
(2) except as otherwise provided in this part, money or other property received from the sale, exchange, liquidation, or change in form of a principal asset;
(3) an amount recovered from a third party to reimburse the fiduciary because of a disbursement described in Subsectionor for another reason to the extent not based on loss of income; 75A-5-502(1)
(4) proceeds of property taken by eminent domain, except that proceeds awarded for loss of income in an accounting period are income if a current income beneficiary had a mandatory income interest during the accounting period;
(5) net income received in an accounting period during which there is no beneficiary to which a fiduciary is permitted or required to distribute income; and
(6) other receipts as provided in Part 3, Unitrust.