Okla. Stat. tit. 60, § 60-175.402
This is the official text of Okla. Stat. tit. 60, § 60-175.402, part of Oklahoma’s Stat. tit. 60, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 60,." Browse the sections below, each linked to its official government source.
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Distribution from trust or estate
Official statutory text
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
act applies to a receipt from the trust.
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
act applies to a receipt from the trust.
Status: in_force · Read it on the official government site
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