§ 179.201. How does the Secretary distribute principal and income to the holder of a life estate without regard to waste?
24 words·~1 min read·
/us/cfr/t25/s§ 179.201·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary must distribute all income, including bonuses and royalties, to the life estate holder to the exclusion of any holders of remainder interests.