RS 9:2158 Power to adjust - Louisiana Statutes

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SUBPART E. POWER TO ADJUST

§2158. Power to adjust

Subject to the limitations set forth in this Subpart, a trustee may make an adjustment between principal and income when the interest of one or more beneficiaries is defined by reference to the "income" of a trust, and the trustee determines, after taking into account the allocations for the year under Subpart D, that the adjustment is necessary in order for the trustee to satisfy his duty to be fair and reasonable to all the beneficiaries, taking into account the purposes of the trust.

Acts 2001, No. 520, §4.

State Codes and Statutes

Statutes > Louisiana > Rs > Title9 > Rs9-2158

SUBPART E. POWER TO ADJUST

§2158. Power to adjust

Subject to the limitations set forth in this Subpart, a trustee may make an adjustment between principal and income when the interest of one or more beneficiaries is defined by reference to the "income" of a trust, and the trustee determines, after taking into account the allocations for the year under Subpart D, that the adjustment is necessary in order for the trustee to satisfy his duty to be fair and reasonable to all the beneficiaries, taking into account the purposes of the trust.

Acts 2001, No. 520, §4.

State Codes and Statutes

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State Codes and Statutes

Statutes > Louisiana > Rs > Title9 > Rs9-2158

SUBPART E. POWER TO ADJUST

§2158. Power to adjust

Subject to the limitations set forth in this Subpart, a trustee may make an adjustment between principal and income when the interest of one or more beneficiaries is defined by reference to the "income" of a trust, and the trustee determines, after taking into account the allocations for the year under Subpart D, that the adjustment is necessary in order for the trustee to satisfy his duty to be fair and reasonable to all the beneficiaries, taking into account the purposes of the trust.

Acts 2001, No. 520, §4.