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La. Rev. Stat. § 9:2156.1

Transfers from income to principal for depreciation

Louisiana · Louisiana Revised Statutes Title 9 — Civil Code-Ancillaries · Status: effective

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La. Rev. Stat. § 9:2156.1, Transfers from income to principal for depreciation, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2646557
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A trustee may transfer to principal a reasonable amount of the net cash receipts from a principal asset that is subject to depreciation but may not transfer any amount for depreciation during the administration of a succession or for that portion of an immovable used or available for use by a beneficiary as a residence or of corporeal movables held or made available for the personal use or enjoyment of a beneficiary. An amount transferred to principal need not be held as a separate fund.