MARVIN MANDEL, Governor
OF PRINCIPAL EXCEPT AS PROVIDED IN §14-206;

211

(3) INCOME EARNED DURING ADMINISTRATION OF AN
ESTATE OF THE DECEDENT;

§14-205;

(4) CORPORATE DISTRIBUTIONS AS PROVIDED IN

(5) ACCRUED INCREMENT ON BONDS OR OTHER
OBLIGATIONS ISSUED AT DISCOUNT AS PROVIDED IN §14-206;

(6) RECEIPTS FROM BUSINESS
OPERATIONS AS PROVIDED IN §14-207;

AND

PARKING

(7)    RECEIPTS FROM DISPOSITION OF NATURAL
RESOURCES AS PROVIDED IN §14-208;

(8)   RECEIPTS FROM OTHER PRINCIPAL SUBJECT TO
DEPLETION AS PROVIDED IN §14-209;

(9) AMOUNTS REPRESENTING THAT PORTION OF
DIVIDENDS, INTEREST, RENTS OR OTHER INCOME PAYABLE TO THE
TRUSTEE WHICH, FOR INCOME TAX PURPOSES, IS REQUIRED BY
ANY LAW OF THE UNITED STATES, OR OF ANY STATE THEREOF OR
OTHER GOVERNMENTAL UNIT, TO BE WITHHELD BY THE PERSON
PAYING THE SAME; AND THE AMOUNT SO WITHHELD SHALL BE
DEEMED TO HAVE BEEN COLLECTED BY THE TRUSTEE AND PAID TO
THE PERSON ENTITLED TO THE BENEFIT OF THE TAX SO
WITHHELD.

(E) PRINCIPAL IS THE PROPERTY WHICH HAS BEEN SET
ASIDE BY THE OWNER OR THE PERSON LEGALLY EMPOWERED SO
THAT IT IS HELD IN TRUST EVENTUALLY TO BE DELIVERED TO A
REMAINDERMAN WHILE THE RETURN OR USE OF THE PRINCIPAL IS
IN THE MEANTIME TAKEN OR RECEIVED BY OR HELD FOR
ACCUMULATION FOR AN INCOME BENEFICIARY. PRINCIPAL
INCLUDES:

(1) CONSIDERATION RECEIVED BY THE TRUSTEE ON
THE SALE OR OTHER TRANSFER OF PRINCIPAL OR ON REPAYMENT
OF A LOAN OR AS A REFUND OR REPLACEMENT OR CHANGE IN THE
FORM OF PRINCIPAL;

(2) PROCEEDS
DOMAIN PROCEEDINGS;

OF PROPERTY TAKEN ON EMINENT

(3)

FORMING PART
INSURANCE UPON
BENEFICIARY;

PROCEEDS OF INSURANCE UPON PROPERTY
OF THE PRINCIPAL EXCEPT PROCEEDS OF
A SEPARATE INTEREST OF AN INCOME

(4) STOCK DIVIDENDS, RECEIPTS ON LIQUIDATION
OF A CORPORATION, AND OTHER CORPORATE DISTRIBUTIONS AS
PROVIDED IN §14-205;