{"data":{"id":"us-nj/n.j.-stat.-3b-19b-27","jurisdiction":"us-nj","citation":"N.J. Stat. § 3B:19B-27","heading":"Transfer from income to reimburse principal","body":"27.  Transfer from Income to Reimburse Principal. a.  If a trustee makes or expects to make a principal disbursement described in this section, 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.\nb.\tPrincipal disbursements to which subsection a. of this section applies include the following, but only to the extent that the trustee has not been and does not expect to be reimbursed by a third party:\n(1)\tan amount chargeable to income but paid from principal because it is unusually large, including extraordinary repairs;\n(2)\tdisbursements made to prepare property for rental, including tenant allowances, leasehold improvements and broker's commissions; and\n(3)\tperiodic payments on an obligation secured by a principal asset to the extent that the amount transferred from income to principal for depreciation is less than the periodic payments.\nc.\tIf the asset whose ownership gives rise to the disbursements becomes subject to a successive income interest after an income interest ends, a trustee may continue to transfer amounts from income to principal as provided in subsection a. of this section.\nL.2001,c.212,s.27.","path":["TITLE 3B ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"180d24d78b2825998122b6c996b18ec17856c50333918024c33966d06c9f4542","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-3b-19b-26","next":"us-nj/n.j.-stat.-3b-19b-28"},"notice":"GroundRules: Original legal text. Not legal advice."}