District of Columbia § 28-4804.08 Insubstantial allocations not required.

District of Columbia Statutes

§ 28-4804.08 — Insubstantial allocations not required.

District of Columbia § 28-4804.08

JurisdictionDistrict of Columbia

Title 28Commercial Instruments and Transactions. [Enacted title]

Ch. 48Principal and Income; Uniform Law.

Subch. IVAllocation of Receipts During Administration of Trust.

Subpart 3Receipts Normally Apportioned.

This text of District of Columbia § 28-4804.08 (Insubstantial allocations not required.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 28-4804.08 (2026).

Text

If a trustee determines that an allocation between principal and income required by § 28-4804.09 , § 28-4804.10 , § 28-4804.11 , § 28-4804.12 , or § 28-4804.15 is insubstantial, the trustee may allocate the entire amount to principal unless one of the circumstances described in § 28-4801.04(c) applies to the allocation. This power may be exercised by a cotrustee in the circumstances described in § 28-4801.04(d) and may be released for the reasons and in the manner described in § 28-4801.04(e) . An allocation is presumed to be insubstantial if:

(1)The amount of the allocation would increase or decrease net income in an accounting period, as determined before the allocation, by less than 10 percent; or

(2)The value of the asset producing the receipt for which the allocation would be made

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If a trustee determines that an allocation between principal and income required by § 28-4804.09 , § 28-4804.10 , § 28-4804.11 , § 28-4804.12 , or § 28-4804.15 is insubstantial, the trustee may allocate the entire amount to principal unless one of the circumstances described in § 28-4801.04(c) applies to the allocation. This power may be exercised by a cotrustee in the circumstances described in § 28-4801.04(d) and may be released for the reasons and in the manner described in § 28-4801.04(e) . An allocation is presumed to be insubstantial if:

(1) The amount of the allocation would increase or decrease net income in an accounting period, as determined before the allocation, by less than 10 percent; or

(2) The value of the asset producing the receipt for which the allocation would be made is less than 10 percent of the total value of the trust’s assets at the beginning of the accounting period.