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, § 61-401 or § 61-415 of this title applies to a receipt from the trust.
Structure Delaware Code
Title 12 - Decedents' Estates and Fiduciary Relations
Chapter 61. DELAWARE UNIFORM PRINCIPAL AND INCOME ACT
Subchapter IV. Allocation of Receipts During Administration of Trust
§ 61-401. Character of receipts.
§ 61-402. Distribution from trust or estate.
§ 61-403. Business and other activities conducted by an estate.
§ 61-406. Obligation to pay money.
§ 61-407. Insurance policies and similar contracts.
§ 61-408. Insubstantial allocations not required.
§ 61-409. Deferred compensation, annuities, and similar payments.
§ 61-411. Minerals, water and other natural resources.
§ 61-413. Property not productive of income.