New Jersey § 3b:19b-11
Full text of New Jersey New Jersey Statutes § 3b:19b-11, with citation guidance and answers to common questions.
§ 3b:19b-11.
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 10 or
23 of this act applies to a receipt from the trust.
Frequently Asked Questions About New Jersey § 3b:19b-11
What does New Jersey Statutes § 3b:19b-11 cover?
Section 3b:19b-11 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 3b:19b-11?
A common citation format is "New Jersey Statutes § 3b:19b-11" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 3b:19b-11 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.