§2144. Income and principal distinguished
Receipts paid or delivered in return for the use of property forming a part of principal
are income, unless this Subpart expressly provides to the contrary.
Receipts paid or delivered in consideration for the sale or other transfer of property
forming a part of principal or as the replacement of property forming a part of principal are
principal unless this Subpart expressly provides to the contrary.
Acts 2020, No. 17, §1, eff. Jan. 1, 2021.