RCW 11.104B.230
189 words·~1 min read·
/wa/title-11/chapter-11-104b/11-104b-230·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A fiduciary shall allocate to principal:
(1)To the extent not allocated to income under this chapter, an asset received from:
(a)An individual during the individual's lifetime;
(b)An estate;
(c)A trust on termination of an income interest; or
(d)A payor under a contract naming the fiduciary as beneficiary;
(2)Except as otherwise provided in this article, money or other property received from the sale, exchange, liquidation, or change in form of a principal asset;
(3)An amount recovered from a third party to reimburse the fiduciary because of a disbursement described in RCW 11.104B.410
(1)or for another reason to the extent not based on loss of income;
(4)Proceeds of property taken by eminent domain, except that proceeds awarded for loss of income in an accounting period are income if a current income beneficiary had a mandatory income interest during the period;
(5)Net income received in an accounting period during which there is no beneficiary to which a fiduciary may or must distribute income; and
(6)Other receipts as provided in RCW 11.104B.270 through 11.104B.350 .
[ 2021 c 140 s 2404 .]