Section 11-A-5.1. Disbursements from income  


Latest version.
  • A  trustee  shall  make the following disbursements from income to the
      extent that they are not disbursements to  which  subparagraph  11-A-2.1
      (2)(B) or (C) applies:
        (1)  one-third  of  the  regular  compensation of any person providing
      investment advisory or custodial services to the trustee;
        (2) if the court shall find that  any  judicial  proceeding  primarily
      concerns  income  and that it is equitable to charge the expense of such
      proceeding, or a part thereof, to income, the court may direct that  all
      or  a  specified  part  of  the  expense  of  such proceeding, including
      attorney's fees, shall be charged to income;
        (3) 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
        (4) recurring premiums on insurance covering the loss of  a  principal
      asset or the loss of income from or use of the asset.