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PART II. REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS

TITLE II. DESCENT AND DISTRIBUTION, WILLS, ESTATES OF DECEASED PERSONS AND ABSENTEES, GUARDIANSHIP, CONSERVATORSHIP AND TRUSTS

CHAPTER 203. TRUSTS

SALE OF TRUST ESTATE
Chapter 203: Section 22. Expenses

[ 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 Repealed by 2005, 129, Sec. 2 applicable as provided by 2005, 129, Sec. 6.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 22. Unless otherwise expressly provided by the trust instrument, the costs and expenses incurred in proceedings for appointment or removal of trustees, trustees' and brokers' commissions and other expenses properly incurred and paid by trustees for or in connection with the sale, exchange or purchase of property shall be charged to principal. Commissions and expenses paid by trustees for negotiating or effecting leases for terms longer than five years shall be charged to principal in the first instance, and a part thereof proportionate to the number of years of the term shall be repaid from income to principal in each year while the lease and the trust co-exist.