2-3-814. Principal receipts. (a) A trustee shall allocate to principal: (i) 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; (ii) Money or other property received from the sale, exchange, liquidation or change in form of a principal asset, including realized profit, subject to W.S. 2-3-811 through 2-3-825; (iii) Amounts recovered from third parties to reimburse the trust because of disbursements described in W.S. 2-3-827(a)(vii) or for other reasons to the extent not based on the loss of income; (iv) 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; (v) Net income received in an accounting period during which there is no beneficiary to whom a trustee may or must distribute income; and (vi) Other receipts as provided in W.S. 2-3-818 through 2-3-825.
Wyoming Legal Code