RS 2157 - Inventory value defined
The term "inventory value," as used in this Subpart, means the cost of property purchased by the trustee and the market value of other property at the time it became subject to the trust, but in the case of a testamentary trust the trustee may use any value finally determined for the purposes of an estate tax.
NOTE: §2157 repealed by Acts 2020, No. 17, §2, eff. Jan. 1, 2021.
RS 2157 - Repealed by Acts 2020, No. 17, §2, eff. Jan. 1, 2021.
Acts 2010, No. 175, §2; Acts 2020, No. 17, §2, eff. Jan. 1, 2021.