[ Text of section effective until January 1, 2006. Repealed by 2005, 129, Sec. 2 applicable as provided by 2005, 129, Sec. 6. See 2005, 129, Sec. 5.]
Section 21B. Unless there is a specific provision to the contrary in the will or trust instrument, when any part of the principal of a trust consists of bonds or other similar fixed obligations purchased by the trustee at a premium, the trustee shall not be required to deduct from income and transfer to principal any amortization of the amount paid as a premium if the amount of such premium does not exceed six per cent of the par or maturity value of such bonds or other similar fixed obligations and no trustee shall in any event be required to amortize bond premiums if the will or trust confers upon such trustee a power to refrain from amortizing bond premiums or a power to make determinations as between income and principal.