218                                          LAWS OF MARYLAND                           [Ch. 11

DEPRECIATION OUT OF INCOME TO THE EXTENT PERMITTED BY
SUBSECTION (A) (2) AND BY §14-207;

(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 §14-204.

14-211. ALLOCATION AND APPORTIONMENT OF RECEIPTS AND
CHARGES BETWEEN LIFE TENANT AND REMAINDERMAN.

THE PROVISIONS OF THIS SUBTITLE CONCERNING THE
ALLOCATION AND APPORTIONMENT 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 DIRECTION. THE PROVISIONS OF §14-210 SO FAR AS
APPLICABLE, SHALL GOVERN THE ALLOCATION OF CHARGES
BETWEEN A LEGAL LIFE TENANT AND A REMAINDERMAN WHERE NO
TRUST HAS BEEN CREATED.

14-212. APPLICATION OF [[ARTICLE]] SUBTITLE.

EXCEPT AS OTHERWISE SPECIFICALLY PROVIDED IN THIS
SUBTITLE OR IN THE TRUST INSTRUMENT, WILL OR OTHER
CONTROLLING DOCUMENT, THIS SUBTITLE SHALL APPLY TO ANY
RECEIPT OR EXPENSE RECEIVED OR INCURRED ON OR AFTER JULY
1, 1965 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]] SUBTITLE AND WHETHER THE ASSET INVOLVED
WAS ACQUIRED BY THE TRUSTEE, PERSONAL REPRESENTATIVE OR
LIFE TENANT ON, BEFORE OR AFTER THE EFFECTIVE DATE OF
THIS [[ARTICLE]] SUBTITLE.

14-213. UNIFORMITY OF INTERPRETATION.

SUCH OF THE PROVISIONS OF THIS SUBTITLE 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.

14-214. SHORT TITLE.

THIS SUBTITLE MAY BE CITED AS THE MARYLAND REVISED
UNIFORM PRINCIPAL AND INCOME ACT.

REVISOR'S NOTE: This subtitle contains the Maryland
Revised Uniform Principal and Income Act which