Statutes, codes, and regulations
Nevada Revised Statutes
Title 13 - GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTSChapter 164 - ADMINISTRATION OF TRUSTSMANAGEMENT AND INVESTMENT OF PROPERTY
PRINCIPAL AND INCOME (UNIFORM ACT)
Section 164.830 - Allocation of amount received as distribution of income to income; allocation of distribution of principal to principal; purchase of interest in trust that is investment entity

Nev. Rev. Stat. § 164.830

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Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 164.830 - Allocation of amount received as distribution of income to income; allocation of distribution of principal to principal; purchase of interest in trust that is investment entity

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 a trustee 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, NRS 164.825 or 164.895 applies to a receipt from the trust.

NRS 164.830

Added to NRS by 2003, 1974
Added to NRS by 2003, 1974