§ 175.402. Distribution from trust or estate
Oklahoma Statutes AnnotatedTitle 60. Property
60 Okl.St.Ann. § 175.402
§ 175.402. Distribution from trust or estate
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, Section 10 or 24 of this act1 applies to a receipt from the trust.
Credits
Laws 1998, c. 115, § 11, eff. Nov. 1, 1998.
<Caption added by Laws 1998, c. 115>
Footnotes
Title 60, § 175.401 or 175.415.
60 Okl. St. Ann. § 175.402, OK ST T. 60 § 175.402
Current with emergency effective legislation through Chapter 378 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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