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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 5. ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST

53-12-452. Transfers from income to principal for depreciation.

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)

    As used in this Code section, the term ‘‘depreciation’’ means a reduction in value due to wear, tear, decay, corrosion, or gradual obsolescence of a fixed asset having a useful life of more than one year.#

  2. (b)

    A trustee may transfer to principal a reasonable amount of the net cash receipts from a principal asset that is subject to depreciation but shall not transfer any amount for depreciation:#

    1. (1)

      Of that portion of real property used or available for use by a beneficiary as a residence or of tangible personal property held or made available for the personal use or enjoyment of a beneficiary;#

    2. (2)

      During the administration of a decedent’s estate; or#

    3. (3)

      Under this Code section if the trustee is accounting under Code Section 53-12-412 for the business or activity in which the asset is used.#

  3. (c)

    An amount transferred to principal need not be held as a separate fund.#

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, § 53-12-452, enacted by Ga. L. 2010, p. 579, § 1/SB 131; Ga. L. 2011, p. 551, § 18/SB 134.

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, página 956; acción de fusión: carried; SHA-256 del archivo 062775612dfc.