Sec. 45a-542u. Property not productive of income.
Sec. 45a-542u. 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 the spouse with sufficient income from or use of the trust assets, and if the
amounts that the trustee transfers from principal to income under section 45a-542c and
distributes to the spouse from principal pursuant to the terms of the trust are insufficient
to provide the spouse with the beneficial enjoyment required to obtain the marital deduction, the spouse may require the trustee to make property productive of income, convert
property within a reasonable time, or exercise the power conferred by subsection (a) of
section 45a-542c. The trustee may decide which action or combination of actions to take.
(b) In cases not governed by subsection (a) of this section, proceeds from the sale
or other disposition of an asset are principal without regard to the amount of income
the asset produces during any accounting period.
(P.A. 99-164, S. 22, 36.)
History: P.A. 99-164 effective January 1, 2000.