Home/DC Code/§ 28-4805.01
§ 28-4805.01Title 28

Disbursements from income.

A trustee shall make the following disbursements from income to the extent that they are not disbursements to which § 28-4802.01(2)(B) or (C) applies: One-half of the regular compensation of the trustee and of any person providing investment advisory or custodial services to the trustee; One-half of all expenses for accountings, judicial proceedings, or other matters that involve both the income and remainder interests; All of the other ordinary expenses incurred in connection with the administration, management, or preservation of trust property and the distribution of income, including interest, ordinary repairs, regularly recurring taxes assessed against principal, and expenses of a proceeding or other matter that concerns primarily the income interest; and Recurring premiums on insurance covering the loss of a principal asset or the loss of income from or use of the asset.

Annotations

Apr. 27, 2001, D.C. Law 13-292, § 502(c), 48 DCR 2087
Uniform Law: This section is based upon § 501 of the Uniform Principal and Income Act (1997 Act).
This section is referenced in § 28-4802.01 and § 28-4805.02.
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Sourced from the DC Council Open Law Library (public domain).

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