§2156.1. Transfers from income to principal for depreciation
A trustee may transfer to principal a reasonable amount of the net cash receipts from
a principal asset that is subject to depreciation but may not transfer any amount for
depreciation during the administration of a succession or for that portion of an immovable
used or available for use by a beneficiary as a residence or of corporeal movables held or
made available for the personal use or enjoyment of a beneficiary. An amount transferred
to principal need not be held as a separate fund.
Acts 2020, No. 17, §1, eff. Jan. 1, 2021.