Vermont § 3354 - Principal receipts A trustee shall allocate to principal:
Full text of Vermont Vermont Statutes Online § 3354 — Principal receipts A trustee shall allocate to principal:, with citation guidance and answers to common questions.
§ 3354. Principal receipts A trustee shall allocate to principal:
- (1) to the extent not allocated to income under this chapter, 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; (2) money or other property received from the sale, exchange, liquidation, or change in
form of a principal asset, including realized profit, subject to this chapter; (3) amounts recovered from third parties to reimburse the trust because of disbursements
described in subdivision 3372(a)(7) of this title or for other reasons to the extent not based on the loss of income; (4) 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; (5) net income received in an accounting period during which there is no beneficiary to
whom a trustee may or must distribute income; and (6) other receipts as provided in sections 3358-3365 of this title. (Added 2011, No. 114 (Adj
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 3354
What does Vermont Statutes Online § 3354 cover?
Section 3354 ("Principal receipts A trustee shall allocate to principal:") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 3354?
A common citation format is "Vermont Statutes Online § 3354" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 3354 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.