Internal Revenue Service, Treasury § 301.7701–5Environmental Remediation Trust Agreement • November 11th, 2021
laws, will be considered amounts con- tributed for remediation. An environ- mental remediation trust agreement may direct the trustee to expend amounts contributed by a cash-out grantor (and the earnings thereon) be- fore expending amounts contributed by other grantors (and the earnings there- on). A cash-out grantor will cease to be treated as an owner of a portion of the trust when the grantor’s portion is fully expended by the trust.
