Sec. 45a-542m. Rental property.
Sec. 45a-542m. Rental property. To the extent that a trustee accounts for receipts
from rental property pursuant to this section, the trustee shall allocate to income an
amount received as rent of real or personal property, including an amount received for
cancellation or renewal of a lease. An amount received as a refundable deposit, including
a security deposit or a deposit that is to be applied as rent for future periods, must be
added to principal and held subject to the terms of the lease and is not available for
distribution to a beneficiary until the trustee's contractual obligations have been satisfied
with respect to that amount.
(P.A. 99-164, S. 14, 36.)
History: P.A. 99-164 effective January 1, 2000.