(1) A trustee shall make the following disbursements from income to the extent that they are not disbursements governed by the provisions of section 15-1-406 (1)(b)(II) or (1)(b)(III):
One-half of the regular compensation of the trustee and of any person providinginvestment advisory or custodial services to the trustee;
One-half of all expenses for accountings, judicial proceedings, or other matters thatinvolve both the income and remainder interests;
All of the other ordinary expenses incurred in connection with the administration,management, or preservation of trust property and the distribution of income, including interest, ordinary repairs, regularly recurring taxes assessed against principal, and expenses of a proceeding or other matter that concerns primarily the income interest; and
Recurring premiums on insurance covering the loss of a principal asset or the loss ofincome from or use of the asset.
Source: L. 2000: Entire part R&RE, p. 1145, § 1, effective July 1, 2001.
Editor's note: This section is similar to former § 15-1-415 as it existed prior to 2001.