Ala. Code § 10A-10-1.24
Current with legislation from 2024 effective through July 1, 2024.
Distributions made from ordinary income by a real estate investment trust are income. All other distributions made by the trust, including distributions from capital gains, depreciation, or depletion, whether in the form of cash or an option to take new stock or cash or an option to purchase additional shares, are principal.
Ala. Code § 10A-10-1.24 (1975)