RS 9:2156.1
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/la/title-9/9-2169A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 9:2156.1
§2156.1. Transfers from income to principal for depreciation
A trustee may transfer to principal a reasonable amount of the net cash receipts from a principal asset that is subject to depreciation but may not transfer any amount for depreciation during the administration of a succession or for that portion of an immovable used or available for use by a beneficiary as a residence or of corporeal movables held or made available for the personal use or enjoyment of a beneficiary. An amount transferred to principal need not be held as a separate fund.
Acts 2020, No. 17, §1, eff. Jan. 1, 2021.