<?xml version='1.0' encoding='utf-8'?>
<section article="get" article_name="Estates and Trusts" number="15-523" title_number="15" title_name="Fiduciaries" subtitle_number="5" subtitle_name="Maryland Uniform Principal and Income Act">
  <text>A trustee shall make the following disbursements from income to the extent that they are not disbursements to which § 15–503(c)(2) or (3) of this subtitle apply:</text>
  <level label="1">
    <text>One–half of the regular compensation of the trustee and any person providing investment advisory or custodial services to the trustee;</text>
  </level>
  <level label="2">
    <text>One–half of all expenses for accountings, judicial proceedings, or other matters that involve both the income and remainder interests;</text>
  </level>
  <level label="3">
    <text>All of the other ordinary expenses incurred in connection with the administration, management, or preservation of trust property and the distribution of income, including interest, ordinary repairs, regularly recurring taxes assessed against principal, and expenses of a proceeding or other matter that concerns primarily the income interest; and</text>
  </level>
  <level label="4">
    <text>Recurring premiums on insurance covering the loss of a principal asset or the loss of income from or use of the asset.</text>
  </level>
</section>
