8-1.7 – Authority of Trustee to Accumulate Income

§ 8-1.7 Authority of trustee to accumulate income (a) Where property has been transferred in trust for any religious, charitable, educational or benevolent purpose, or acquired by the trustee of a trust for such purpose, the trustee is authorized in his discretion, notwithstanding the absence of any direction therefor in the disposition creating the trust, […]