GroundRules
O.C.G.A. § 53-12-453: Transfers from income to reimburse principal.
Where this section sits in the code
- TITLE 53 Wills, Trusts, and Administration of Estates
- CHAPTER 12 Trusts
- Article 17 Georgia Principal and Income Act
- PART 5 Allocation of Disbursements During Administration of Trust
Wherever a charge that is properly allocable to income has been made or is expected to be made from principal because of the unusually large nature of the charge or otherwise, the trustee may transfer an appropriate amount from income to principal in one or more accounting periods to reimburse principal or to provide a reserve for future principal disbursements.
Collected 2026-09-17T19:34:58Z. Source file · JSON