2006 Georgia Code - 53-12-210

53-12-210. As used in this article, the term: (1) 'Income beneficiary' means the person to whom income is presently payable or for whom it is accumulated for distribution as income. (2) 'Inventory value' means the adjusted basis for federal income tax purposes at the time the property is acquired by the trustee. (3) 'Remainder beneficiary' means the person entitled to principal, including income which has been accumulated and added to principal.

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