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.
Mont. Code Ann. § 72-34-434
Allocation of amounts received from specified trusts or estates
Known as the Montana Uniform Principal and Income Act
The act spans §§ 72–72 (48 sections).
En
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.