Home/Georgia/Statutes/Title: 53/§ 53-12-453
Georgia Statutes

§ 53-12-453 — Transfers from income to reimburse principal

Georgia § 53-12-453
JurisdictionGeorgia
Title53

This text of Georgia § 53-12-453 (Transfers from income to reimburse principal) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
O.C.G.A. § 53-12-453 (2026).

Text

Wherever a charge that is properly allocable to income has been made or is expected to be made from principal because of the unusually large nature of the charge or otherwise, the trustee may transfer an appropriate amount from income to principal in one or more accounting periods to reimburse principal or to provide a reserve for future principal disbursements.

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Legislative History

Added by 2010 Ga. Laws 506,§ 1, eff. 7/1/2010.

Nearby Sections

15
§ 53-1-1
Short title; effective date of provisions
§ 53-1-10
Lifetime transfers
§ 53-1-11
Value
§ 53-1-12
Manner of taking into account
§ 53-1-13
Consideration of satisfaction or advancement when recipient predeceases transferor
§ 53-1-2
Definitions
§ 53-1-20
Renouncing property; procedures; relation back; abridgement; fiduciary duties
§ 53-1-3
Dower and tenancy by curtesy
§ 53-1-4
Effect on support obligation of use of income from estate or trust for support
§ 53-1-5
Right of individual who feloniously and intentionally kills or conspires to kill to inherit
§ 53-1-6
Payment to surviving spouse of state or federal income tax overpayments
§ 53-1-7
Surviving spouse under the age of 18 years
§ 53-1-8
Adopted individuals
§ 53-1-9
Survival of common law and equity
§ 53-10-1
Short title
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Bluebook (online)
Georgia § 53-12-453, Counsel Stack Legal Research, https://law.counselstack.com/statute/ga/53-12-453.