Sec. 45a-542j. Distribution from trust or estate. - Connecticut Statutes

      Sec. 45a-542j. 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 45a-542i or 45a-542w applies to a receipt from the trust.

      (P.A. 99-164, S. 11, 36.)

      History: P.A. 99-164 effective January 1, 2000.