Title 469 · MO 469

Missouri Revisor of Statutes - Revised Statutes of Missouri, RSMo Section 469.431

Citation: Mo. Rev. Stat. § 469.431

Section: 469.431

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  Do search Help   This chapter only Title XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY Chapter 469 < > â¢ Effective - 28 Aug 2001

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âÂ 469.431. Â Â Rental property, allocation to income. â To the extent that a trustee accounts for receipts from rental property pursuant to this section, the trustee shall allocate to income an amount received as rent of real or personal property, including an amount received for cancellation or renewal of a lease.Â Â An amount received as a refundable deposit, including a security deposit or a deposit that is to be applied as rent for future periods, shall be added to principal and held subject to the terms of the lease and is not available for distribution to a beneficiary until the trustee's contractual obligations have been satisfied with respect to that amount. ÂÂ-------- (L. 2001 H.B. 241)

---- end of effectiveâ 28 Aug 2001 ---- use this link to bookmark section â469.431

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