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2007 SESSION

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HB 2251 Uniform Trust Code; public notice when modifying or terminating charitable trusts .

Introduced by: Katherine B. Waddell | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Uniform Trust Code; charitable trusts; public notice.  Provides that notice by publication shall be given to the general public when there is a court proceeding to modify or terminate a charitable trust or to sell its real estate, in order to give members of the public the opportunity to share their views with the Attorney General. A court shall make a finding that the required notice has been given before conducting any trial or hearing.

SUMMARY AS INTRODUCED:

Uniform Trust Code; charitable trusts; public notice. Provides that notice by publication shall be given to the general public when there is a court proceeding to modify or terminate a charitable trust or to sell its real estate, in order to give members of the public the opportunity to share their views with the Attorney General. Failure to give notice is not jurisdictional but gives the Attorney General the right to reopen the proceeding for one year following entry of final judgment.