New Jersey § 3b:19b-13
Full text of New Jersey New Jersey Statutes § 3b:19b-13, with citation guidance and answers to common questions.
§ 3b:19b-13.
A trustee shall allocate to principal: a. To the extent not allocated to income under this act, assets received from a transferor
during the transferor's lifetime, a decedent's estate, a trust with a terminating
income interest or a payer under a contract naming the trust or its trustee as beneficiary; b. Money or other property received from the sale, exchange, liquidation or change
in form of a principal asset, including realized profit, subject to sections 10 through
23 of this act; c. Amounts recovered from third parties to reimburse the trust because of disbursements
described in paragraph (9) of subsection a. of section 25 of this act or for other
reasons to the extent not based on the loss of income; d. Proceeds of property taken by eminent domain, but a separate award made for the
loss of income with respect to an accounting period during which a current income
beneficiary had a mandatory income interest is income; e. Net income received in an accounting period during which there is no beneficiary
to whom a trustee may or shall distribute income; and f. Other receipts as provided in sections 17 through 23 of this act.
Frequently Asked Questions About New Jersey § 3b:19b-13
What does New Jersey Statutes § 3b:19b-13 cover?
Section 3b:19b-13 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-13?
A common citation format is "New Jersey Statutes § 3b:19b-13" (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-13 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.