Ir al contenido
Georgia Commons

Código Oficial de Georgia Anotado

Título 53. WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES · Capítulo 12. TRUSTS · Artículo 17. GEORGIA PRINCIPAL AND INCOME ACT · Parte 4. ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST

53-12-420. Principal receipts.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. A trustee shall allocate to principal:

  2. (1)

    To the extent not allocated to income under this article, assets received from a transferor during the transferor’s lifetime, a decedent’s estate, a trust with a terminating income interest, or a payor under a contract naming the trust or its trustee as beneficiary;#

  3. (2)

    Money or other property received from the sale, exchange, liquidation, or change in form of a principal asset, including realized profit, subject to the provisions of this article;#

  4. (3)

    Amounts recovered from third parties to reimburse the trust because of disbursements described in paragraph (7) of subsection (a) of Code Section 53-12-451 or for other reasons to the extent not based on the loss of income;#

  5. (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 shall be income;#

  6. (5)

    Net income received in an accounting period during which there is no beneficiary to whom a trustee may or must distribute income; and#

  7. (6)

    Other receipts as provided in this article.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1981, § 53-12-420, enacted by Ga. L. 2010, p. 579, § 1/SB 131; Ga. L. 2011, p. 752, § 53/HB 142.

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t52-t53-(v40)-2021-pdf.pdf, Volumen V40, edición 2021, páginas 946 a 947; acción de fusión: carried; SHA-256 del archivo 062775612dfc.