Georgia § 53-12-453 - Transfers from income to reimburse principal.
Full text of Georgia Official Code of Georgia Annotated § 53-12-453 — Transfers from income to reimburse principal., with citation guidance and answers to common questions.
§ 53-12-453. Transfers from income to reimburse principal.
Wherever a charge that is properly allocable to income has been made or is expected to be made from principal because of the unusually large nature of the charge or otherwise, the trustee may transfer an appropriate amount from income to principal in one or more accounting periods to reimburse principal or to provide a reserve for future principal disbursements. (Code 1981, § 53-12-453 , enacted by Ga. L. 2010, p. 579, § 1/SB 131.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 53-12-453
What does Official Code of Georgia Annotated § 53-12-453 cover?
Section 53-12-453 ("Transfers from income to reimburse principal.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 53-12-453?
A common citation format is "Official Code of Georgia Annotated § 53-12-453" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 53-12-453 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.