Montana Code Annotated 2017

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.