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2013 SESSION

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SB 758 Uniform Trust Code; interested trustees subject to ascertainable standard.

Introduced by: John S. Edwards | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Uniform Trust Code; interested trustees subject to ascertainable standard. Expands the rule in the Uniform Trust Code that subjects an interested trustee to an ascertainable standard to include a person who is deemed to have any power of a trustee, whether because such person has the right to remove or replace any trustee or because a reciprocal trust or power doctrine applies.

SUMMARY AS INTRODUCED:

Uniform Trust Code; interested trustees subject to ascertainable standard. Expands the rule in the Uniform Trust Code that subjects an interested trustee to an ascertainable standard to include a person who is deemed to have any power of a trustee, whether because such person has the right to remove or replace any trustee, because a reciprocal trust or power doctrine applies, or for any other reason.