1450 LAWS OF MARYLAND [CH. 877
(3) extraordinary repairs or expenses incurred in making a
capital improvement to principal, but, a trustee shall establish an
allowance for depreciation out of income to the extent permitted by
subsection (a) (2) and by §8;
(4) any tax levied upon profit, gain, or other receipts allocated
to principal notwithstanding denomination of the tax as an income
tax by the taxing authority;
(d) Regularly recurring charges payable from income shall be
apportioned to the same extent and in the same manner that income
is apportioned under §4.
12.
The provisions of this Article concerning the allocation and appor-
tionment of receipts to principal and income, so far as applicable,
shall govern the allocation and apportionment of receipts between a
legal life tenant and a remainderman where no trust has been created,
subject to any legal agreement of the parties or of any specific direc-
tion. The provisions of §11, so far as applicable, shall govern the
allocation of charges between a legal life tenant and a remainderman
where no trust has been created.
13.
Except as otherwise specifically provided in this Article or in the
trust instrument, will or other controlling document, this Article shall
apply to any receipt or expense received or incurred on or after the
effective date of this Article by any trust or decedent's estate or in
connection with any legal life estate, whether established on, before
or after the effective date of this Article and whether the asset in-
volved was acquired by the trustee, personal representative or life
tenant on, before or after the effective date of this Article.
14.
Such of the provisions of this Article as are uniform with statutes
enacted in other States shall be so construed as to effectuate their
purpose to make uniform the laws of those States which enact such
provisions.
15.
This Article may be cited as the Revised Uniform Principal and
Income Act.
16.
If any provision of this Article or the application thereof to any
person or circumstance is held invalid, the invalidity does not affect
other provisions or applications of the Article which can be given
effect without the invalid provision or application, and to this end the
provisions and application of this Article are severable.
Sec. 3. And be it further enacted, That if this Act shall be held
inapplicable to any decedent's estate, life estate, trust, receipt or
expense as provided in Section 13 hereof, then, for the purposes of
such decedent's estate, life estate, trust, receipt or expense, the pro-
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