N.Y. EPT Law § 11-A-4.2
This is the official text of N.Y. EPT Law § 11-A-4.2, part of New York’s EPT Law — part of the compiled statutory law of New York, published by the state as "EPT Law." Browse the sections below, each linked to its official government source.
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Distribution from trust or estate
Official statutory text
§ 11-A-4.2 Distribution from trust or estate\n A trustee shall allocate to income an amount received as a\ndistribution of income from a trust or an estate in which the trust has\nan interest other than a purchased interest, and shall allocate to\nprincipal an amount received as a distribution of principal from such a\ntrust or estate. If a trustee purchases an interest in a trust that is\nan investment entity, or a decedent or donor transfers an interest in\nsuch a trust to a trustee, 11-A-4.1 or 11-A-4.15 applies to a receipt\nfrom the trust.\n
Status: in_force · Read it on the official government site
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