Sec. 45a-542x. Disbursements from income.
Sec. 45a-542x. Disbursements from income. A trustee shall make the following
disbursements from income to the extent that they are not disbursements to which subparagraph (B) or (C) of subdivision (2) of section 45a-542d applies:
(1) One-half of the regular compensation of the trustee and of any person providing
investment advisory or custodial services to the trustee;
(2) One-half of all expenses for accountings, judicial proceedings or other matters
that involve both the income and remainder interests;
(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 expenses of a proceeding or other matter that concerns primarily the income interest; and
(4) Recurring premiums on insurance covering the loss of a principal asset or the
loss of income from or use of the asset.
(P.A. 99-164, S. 25, 36.)
History: P.A. 99-164 effective January 1, 2000.