§ 3-506. Optional provisions for fund plans

Latest version.

   (a) In general. -- A fund plan may provide for:

   (1) The amortization of premiums on bonds or other obligations;

   (2) The disposition of discounts, profits, stock rights, stock dividends, and extraordinary dividends;

   (3) The allocation or apportionment between principal or income of the items specified in item (2) of this subsection; and

   (4) Any other similar matters.

(b) Other applicable law. -- To the extent that a fund plan does not provide otherwise as to the determination, allocation, and apportionment of principal and income, the principles of Title 14 of the Estates and Trusts Article apply.

HISTORY: An. Code 1957, art. 11, § 62; 1980, ch. 33, § 2.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');