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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

53-12-424. Insubstantial allocations not required.

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. If a trustee determines that an allocation between principal and income required by Code Sections 53-12-425 through 53-12-428 or Code Section 53-12-431 is insubstantial, the trustee may allocate the entire amount to principal unless one of the circumstances described in Code Section 53-12-361 applies to the allocation. Such power may be exercised by a cotrustee in the circumstances described in Code Section 53-12-361 and may be released for the reasons and in the manner described in such Code section. An allocation shall be presumed to be insubstantial if:

  2. (1)

    The amount of the allocation would increase or decrease net income in an accounting period, as determined before the allocation, by less than 10 percent; or#

  3. (2)

    The value of the asset producing the receipt for which the allocation would be made is less than 10 percent of the total value of the trust’s assets at the beginning of the accounting period.#

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, § 53-12-424, enacted by Ga. L. 2010, p. 579, § 1/SB 131.

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 948 a 949; acción de fusión: carried; SHA-256 del archivo 062775612dfc.