Sec. 38. A trustee shall make the following disbursements from income to the extent that they are not disbursements to which section 18(a)(2)(B) or 18(a)(2)(C) of this chapter applies: (1) one-half (1/2) of the regular compensation of the trustee and of any person providing investment advisory or custodial services to the trustee; (2) one-half (1/2) of all expenses for accountings, judicial proceedings, or other matters that involve both the income and remainder interests; (3) all of the other ordinary expenses incurred in connection with the administration, management, or preservation of trust property and the distribution of income, including: (A) interest; (B) ordinary repairs; (C) regularly recurring taxes assessed against principal; and (D) expenses of a proceeding or other matter that concerns primarily the income interest; and (4) recurring premiums on insurance covering the loss of a principal asset or the loss of income from or use of the asset.
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