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20 Pa.C.S. § 8161

Mandatory disbursements from income

Known as the Pennsylvania Uniform Principal and Income Act

The act spans §§ 20–20 (41 sections).

A trustee shall make the following disbursements from income:

(1) Interest, except interest on death taxes.

(2) Ordinary repairs.

(3) Real estate and other regularly recurring taxes assessed against principal.

(4) Recurring premiums on fire or other insurance covering the loss of a principal asset or the loss of income from or use of the asset.

Official source: Pennsylvania General Assembly. Reproduced from public-domain Pennsylvania statutes; confirm against the official source for the current text. Not legal advice.