Section 4.11 Receipts From Businesses and Other Activities Conducted by a Trustee
| Library | Trusts and Powers 2013 Supp |
C. (§4.11) Receipts From Businesses and Other Activities Conducted by a Trustee
If a trustee conducts a business or activity in the trust, the Act gives the trustee the power to separately account for that business or activity without otherwise complying with the principal and income allocation rules. Section 469.427, RSMo Supp. 2005. While trustees generally have the power to own and manage closely-held business entities and maintain separate records for those entities, this provision permits the trustee...
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