A fiduciary shall allocate to income an amount received as a distribution of income,
including a unitrust distribution under part 3 of this article 1.2, from a trust or
estate in which the fiduciary has an interest, other than an interest the fiduciary
purchased in a trust that is an investment entity, and shall allocate to principal
an amount received as a distribution of principal from the trust or estate. If a fiduciary purchases, or receives from a settlor, an interest in a trust that
is an investment entity, section 15-1.2-401, 15-1.2-415, or 15-1.2-416 apply to a receipt from the trust.
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