A trustee shall make the following disbursements from principal:
If a principal asset is encumbered with an obligation that requires income from that asset to be paid directly to the creditor, the trustee shall transfer from principal to income an amount equal to the income paid to the creditor in reduction of the principal balance of the obligation.
Structure Mississippi Code
Chapter 17 - Mississippi Principal and Income Act of 2013
Article 5 - Allocation of Disbursements During Administration of Trust
§ 91-17-501. Disbursements from income
§ 91-17-502. Disbursements from principal
§ 91-17-503. Transfers from income to principal for depreciation
§ 91-17-504. Transfers from income to reimburse principal
§ 91-17-506. Adjustments between principal and income because of taxes