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:
Legislative History of Laws For Law 13-292, see notes following § 28-4801.01. Uniform Law This section is based upon § 408 of the Uniform Principal and Income Act (1997 Act). See 7B Uniform Laws Annotated, Master Edition, or ULA Database on Westlaw. DC CODE § 28-4804.08 Current through December 11, 2012
(Apr. 27, 2001, D.C. Law 13-292, § 502(c), 48 DCR 2087.)