New Jersey § 3b:19b-8
Full text of New Jersey New Jersey Statutes § 3b:19b-8, with citation guidance and answers to common questions.
§ 3b:19b-8.
a. A trustee shall allocate an income receipt or disbursement, other than one to which
subsection a. of section 5 of this act applies, to principal if its due date occurs
before a decedent dies in the case of an estate or before an income interest begins
in the case of a trust or successive income interest. b. A trustee shall allocate an income receipt or disbursement to income if its due
date occurs on or after the date on which a decedent dies or an income interest begins
and it is a periodic due date. An income receipt or disbursement shall be treated as accruing from day to day if
its due date is not periodic or it has no due date. The portion of the receipt or disbursement accruing before the date on which a decedent
dies or an income interest begins shall be allocated to principal and the balance
shall be allocated to income. c. An item of income or an obligation is due on the date the payer is required to
make a payment. If a payment date is not stated, there is no due date for the purposes of this act. Distributions to shareholders or other owners from an entity to which section 10
of this act applies are deemed to be due on the date fixed by the entity for determining
who is entitled to receive the distribution or, if no date is fixed, on the declaration
date for the distribution. A due date is periodic for receipts or disbursements that are to be paid at regular
intervals under a lease or an obligation to pay interest or if an entity customarily
makes distributions at regular intervals.
Frequently Asked Questions About New Jersey § 3b:19b-8
What does New Jersey Statutes § 3b:19b-8 cover?
Section 3b:19b-8 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-8?
A common citation format is "New Jersey Statutes § 3b:19b-8" (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-8 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.