• § 53-12-420 - Principal Receipts
  A trustee shall allocate to principal: (1) To the extent not allocated to income under this article, assets received from a transferor during the...
• § 53-12-421 - Rental Property
  To the extent that a trustee accounts for receipts from rental property pursuant to this Code section, the trustee shall allocate to income an...
• § 53-12-422 - Obligation to Pay Money
  (a) An amount received as interest, whether determined at a fixed, variable, or floating rate, on an obligation to pay money to the trustee,...
• § 53-12-423 - Insurance Policies and Similar Contracts
  (a) Except as otherwise provided in subsection (b) of this Code section, a trustee shall allocate to principal the proceeds of a life insurance...
• § 53-12-424 - Insubstantial Allocations Not Required
  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,...
• § 53-12-425 - Deferred Compensation, Annuities, and Similar Payments
  (a) As used in this Code section, the term: (1) "Payment" means a payment that a trustee may receive over a fixed number of...
• § 53-12-426 - Liquidating Asset
  (a) As used in this Code section, the term "liquidating asset" means an asset whose value will diminish or terminate because such asset is...
• § 53-12-427 - Minerals, Water, and Other Natural Resources
  (a) To the extent that a trustee accounts for receipts from an interest in minerals or other natural resources pursuant to this Code section,...
• § 53-12-428 - Timber
  (a) To the extent that a trustee accounts for receipts from the sale of timber and related products pursuant to this Code section, the...
• § 53-12-429 - Property Not Productive of Income
  (a) If a marital deduction is allowed for all or part of a trust whose assets consist substantially of property that does not provide...
• § 53-12-430 - Derivatives and Options
  (a) As used in this Code section, the term "derivative" means a contract or financial instrument or a combination of contracts and financial instruments...
• § 53-12-431 - Asset-Backed Securities
  (a) As used in this Code section, the term "asset-backed security" means an asset whose value is based upon the right it gives the...

Last modified: October 14, 2016