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2018 Arizona Revised Statutes
Title 14 - Trusts, Estates and Protective Proceedings
§ 14-7411 Distribution from trust or estate
Universal Citation: AZ Rev Stat § 14-7411 (2018)
14-7411. 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 14-7410 or 14-7424 applies to a receipt from the trust.
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