Connecticut General Statutes
Chapter 802c - Trusts
Section 45a-488. - Division of trust for benefit of beneficiaries. Approval by beneficiaries required.

Connecticut General Statutes

Title 45a - Probate Courts and Procedure

Chapter 802c - Trusts

Section 45a-471. - (Formerly Sec. 45-213c). Trustee to receive proceeds of pension, retirement, death benefit and profit-sharing plans.

Section 45a-472. - Trustee to receive proceeds of pension, retirement, death benefit and profit-sharing plans.

Section 45a-473. (Formerly Sec. 45-83). - Bonds of testamentary trustees.

Section 45a-474. (Formerly Sec. 45-84). - Vacancies in office of trustee.

Section 45a-475. (Formerly Sec. 45-85). - Filling of vacancy in town or county trusteeship. Duties of town's successor trustee.

Section 45a-476. (Formerly Sec. 45-86). - Legal title vests in trustee appointed to fill vacancy.

Section 45a-477. (Formerly Sec. 45-90). - Jurisdiction of Probate Court over trusts administered outside of this state.

Section 45a-478. (Formerly Sec. 45-87). - Appointment of trustee when person has disappeared. Trustee's rights and duties. Procedure if person reappears.

Section 45a-479. (Formerly Sec. 45-92). - Suspension of fiduciary powers during armed forces service.

Section 45a-480. (Formerly Sec. 45-91). - Income from property acquired by trustee by conveyance or foreclosure when mortgage formerly held by trustee.

Section 45a-481. (Formerly Sec. 45-93). - Distribution by testamentary trustee upon completion of trust.

Section 45a-482. (Formerly Sec. 45-93a). - Distribution of assets of inoperative trust.

Section 45a-483. (Formerly Sec. 45-94). - Settlement of trust estate when beneficiary has been absent seven years.

Section 45a-484. (Formerly Sec. 45-79c). - Termination of small trusts.

Section 45a-485. - Superior Court or Probate Court jurisdiction to reform instrument to ensure allowance of marital deduction.

Section 45a-486. - Termination of inter vivos trust when settlor or spouse is an applicant for or recipient of medical assistance.

Section 45a-487 to 45a-487f. - Powers of trustees who are trust beneficiaries. Beneficiary interests in trust matters: Definitions. Representation by holder of power of appointment. Representation by court-appointed conservator or guardian, agent, tr...

Section 45a-487j. - Short title: “Connecticut Qualified Dispositions in Trust Act”.

Section 45a-487k. - Definitions.

Section 45a-487l. - Appointment of trust director by transferor.

Section 45a-487m. - Qualified trustee; successor. Disposition to more than one trustee. Disposition by trustee who is not qualified.

Section 45a-487n. - Irrevocability of trust instrument.

Section 45a-487o. - No retained interest of transferor.

Section 45a-487p. - Avoidance of qualified dispositions.

Section 45a-487q. - Persons not subject to qualified dispositions.

Section 45a-487r. - Effect of avoidance of qualified dispositions.

Section 45a-487s. - Applicability of sections 45a-487k to 45a-487r to qualified dispositions.

Section 45a-487t. - Applicability of rules.

Section 45a-488. - Division of trust for benefit of beneficiaries. Approval by beneficiaries required.

Section 45a-489. - Title and beneficial interest in property held in trust not merged nor trust invalidated, when.

Section 45a-489a. - Trust to provide for care of animal: Creation. Administration. Jurisdiction. Termination.

Section 45a-490. - Short title: Uniform Statutory Rule Against Perpetuities.

Section 45a-491. - Statutory rule against perpetuities.

Section 45a-492. - When nonvested property interest or power of appointment created.

Section 45a-493. - Reformation.

Section 45a-494. - Exclusions from statutory rule against perpetuities.

Section 45a-495. - Prospective application.

Section 45a-496. - Uniformity of application and construction.

Section 45a-499a. - Short title: “Connecticut Uniform Trust Code”.

Section 45a-499aa. - Creation of trust induced by fraud, duress or undue influence.

Section 45a-499aaa. - Duty to administer trust.

Section 45a-499b. - Scope.

Section 45a-499bb. - Evidence of oral trust.

Section 45a-499bbb. - Duty of loyalty.

Section 45a-499c. - Definitions.

Section 45a-499cc. - Noncharitable trust without ascertainable beneficiary.

Section 45a-499ccc. - Impartiality.

Section 45a-499d. - Knowledge.

Section 45a-499dd. - Modification or termination of trust; proceedings for approval or disapproval.

Section 45a-499ddd. - Prudent administration.

Section 45a-499e. - Default and mandatory rules.

Section 45a-499ee. - Modification or termination of noncharitable irrevocable trust by consent.

Section 45a-499eee. - Delegation by trustee.

Section 45a-499f. - Common law of trusts; principles of equity.

Section 45a-499ff. - Modification or termination because of unanticipated circumstances or inability to administer trust effectively.

Section 45a-499fff. - Creditor's claims against settlor.

Section 45a-499g. - Governing law.

Section 45a-499gg. - Cy pres.

Section 45a-499ggg. - Control and protection of trust property.

Section 45a-499h. - Principal place of administration.

Section 45a-499hh. - Limitation on court authority to apply cy pres.

Section 45a-499hhh. - Recordkeeping and identification of trust property.

Section 45a-499i. - Methods and waiver of notice.

Section 45a-499ii. - Modification or termination of uneconomic trust.

Section 45a-499iii. - Enforcement and defense of claims.

Section 45a-499j. - Others treated as qualified beneficiaries.

Section 45a-499jj. - Reformation of noncharitable trust to correct mistakes.

Section 45a-499jjj. - Collecting trust property.

Section 45a-499k. - Nonjudicial settlement agreements.

Section 45a-499kk. - Modification to achieve settlor's tax objectives.

Section 45a-499kkk. - Trustee's duty to inform and report.

Section 45a-499l. - Insurable interest of trustee.

Section 45a-499ll. - Combination and division of trusts.

Section 45a-499lll. - Discretionary powers; tax savings.

Section 45a-499m. - Role of court in administration of trust.

Section 45a-499mm. - Personal obligations of trustee.

Section 45a-499mmm. - General powers of trustee.

Section 45a-499n. - Jurisdiction over trustee and beneficiary.

Section 45a-499nn. - Limitations on beneficiary's creditor to attach or compel distribution of property.

Section 45a-499nnn. - Specific powers of trustee.

Section 45a-499o. - Subject matter jurisdiction of Probate Courts and the Superior Court.

Section 45a-499oo. - Revocation or amendment of revocable trust.

Section 45a-499ooo. - Distribution of trust property upon termination.

Section 45a-499p. - Venue.

Section 45a-499pp. - Settlor's powers; powers of withdrawal.

Section 45a-499ppp. - Breach of trust.

Section 45a-499q. - Representation: Basic effect.

Section 45a-499qq. - Limitation on action contesting validity of revocable trust; distribution of trust property.

Section 45a-499qqq. - Damages in absence of breach.

Section 45a-499r. - Representation by holder of general testamentary power of appointment.

Section 45a-499rr. - Accepting or declining trusteeship.

Section 45a-499rrr. - Limitation of action against trustee.

Section 45a-499s. - Representation by fiduciaries, parents and persons having substantially identical interests.

Section 45a-499ss. - Trustee's bond.

Section 45a-499sss. - Reliance on trust instrument.

Section 45a-499t. - Appointment of representative.

Section 45a-499tt. - Cotrustees.

Section 45a-499ttt. - Event affecting administration or distribution.

Section 45a-499u. - Designated representative.

Section 45a-499uu. - Vacancy in trusteeship; appointment of successor.

Section 45a-499uuu. - Exculpation of trustee.

Section 45a-499v. - Methods of creating trust.

Section 45a-499vv. - Resignation of trustee.

Section 45a-499vvv. - Beneficiary's consent, release or ratification.

Section 45a-499w. - Requirements for creation.

Section 45a-499ww. - Removal of trustee.

Section 45a-499www. - Limitation on personal liability of trustee.

Section 45a-499x. - Trusts created in other jurisdictions.

Section 45a-499xx. - Delivery of property by former trustee.

Section 45a-499xxx. - Interest as general partner.

Section 45a-499y. - Trust purposes.

Section 45a-499yy. - Compensation of trustee.

Section 45a-499yyy. - Protection of person dealing with trustee.

Section 45a-499z. - Charitable purposes; enforcement; conversion to new entity.

Section 45a-499zz. - Reimbursement of expenses.

Section 45a-499zzz. - Certification of trust.

Section 45a-500. - Uniformity of application and construction of trust.

Section 45a-500a. - Severability clause.

Section 45a-500b. - Short title: Connecticut Uniform Directed Trust Act.

Section 45a-500c. - Application; principal place of administration.

Section 45a-500d. - Common law and principles of equity.

Section 45a-500e. - Exclusions.

Section 45a-500f. - Powers of trust director.

Section 45a-500g. - Limitations on trust director.

Section 45a-500h. - Duty and liability of trust director.

Section 45a-500i. - Duty and liability of directed trustee.

Section 45a-500j. - Duty to provide information to trust director or trustee.

Section 45a-500k. - No duty to monitor, inform or advise.

Section 45a-500l. - Application to cotrustee.

Section 45a-500m. - Limitation of action against trust director.

Section 45a-500n. - Defenses in action against trust director.

Section 45a-500o. - Jurisdiction over trust director.

Section 45a-500p. - Office of trust director.

Section 45a-500q. - Uniformity of application and construction.

Section 45a-500r. - Relation to Electronic Signatures in Global and National Commerce Act.

Section 45a-500s. - Application of Connecticut Uniform Directed Trust Act with respect to federal act.

Section 45a-502. (Formerly Sec. 45-96a). - “Majority” defined for trusts executed prior to October 1, 1972.

Section 45a-503. (Formerly Sec. 45-95). - Rule against perpetuities. “Second look” doctrine.

Section 45a-504. (Formerly Sec. 45-96). - Reduction of age contingency to preserve interest.

Section 45a-505. (Formerly Sec. 45-97). - Fee simple determinable or subject to right of entry to become absolute, when.

Section 45a-506. (Formerly Sec. 45-98). - Limitations not invalidated, when.

Section 45a-507. (Formerly Sec. 45-99). - Application of rule.

Section 45a-508. (Formerly Sec. 45-100). - Exemption of certain employees' trust funds from the rule against perpetuities.

Section 45a-514. (Formerly Sec. 45-79). - Charitable trusts.

Section 45a-515. (Formerly Sec. 45-80). - Charitable uses determined by trustee, when.

Section 45a-516. (Formerly Sec. 45-81). - Gifts to charitable community trust.

Section 45a-517. (Formerly Sec. 45-82). - Community trustees to render annual accounts. Hearing on adjustment and allowance.

Section 45a-519. (Formerly Sec. 45-79a). - Superior Court or Probate Court jurisdiction to reform instruments to federal tax requirements.

Section 45a-520. (Formerly Sec. 45-79b). - Termination of charitable trusts.

Section 45a-521. - Superior Court or Probate Court jurisdiction to reform charitable remainder unitrust re payment.

Section 45a-526 to 45a-529. (Formerly Secs. 45-100h to 45-100k). - Short title: Uniform Management of Institutional Funds Act. Definitions. Expenditure of net appreciation, standards. Exception and restriction on expenditure of net appreciation; cons...

Section 45a-529a and 45a-529b. - Accumulation of annual net income, standards. Exception and restriction on accumulation of annual net income; construction.

Section 45a-530 to 45a-534. (Formerly Secs. 45-100l to 45-100p). - Investment of institutional funds. Delegation of powers of investment. Standards applicable to actions of governing board. Release of restriction in gift instrument: Written consent,...

Section 45a-535. - Short title: Uniform Prudent Management of Institutional Funds Act.

Section 45a-535a. - Definitions.

Section 45a-535b. - Standard of conduct in managing and investing institutional funds.

Section 45a-535c. - Appropriation for expenditure or accumulation of endowment fund. Factors in making a determination to appropriate or accumulate. Rules of construction.

Section 45a-535d. - Delegation of management and investment of institutional fund.

Section 45a-535e. - Release or modification of restrictions contained in gift instrument on management, investment or purpose of institutional fund.

Section 45a-535f. - Determination of compliance with act.

Section 45a-535g. - Application to existing institutional funds.

Section 45a-535h. - Relation of act to Electronic Signatures in Global and National Commerce Act.

Section 45a-535i. - Uniformity of application and construction of act.

Section 45a-540. (Formerly Secs. 45-100a to 45-100c). - Powers in trust instruments act.

Section 45a-541. - Short title: Connecticut Uniform Prudent Investor Act.

Section 45a-541a. - Prudent investor rule.

Section 45a-541b. - Standard of care. Portfolio strategy. Risk and return objectives.

Section 45a-541c. - Diversification.

Section 45a-541d. - Duties at inception of trusteeship.

Section 45a-541e. - Loyalty.

Section 45a-541f. - Impartiality.

Section 45a-541g. - Investment costs.

Section 45a-541h. - Reviewing compliance.

Section 45a-541i. - Delegation of investment and management functions.

Section 45a-541j. - Language invoking standards of act.

Section 45a-541k. - Uniformity of application and construction.

Section 45a-541l. - Applicability.

Section 45a-542. - Short title: Connecticut Principal and Income Act.

Section 45a-542a. - Definitions.

Section 45a-542aa. - Transfers from income to reimburse principal.

Section 45a-542b. - Fiduciary duties.

Section 45a-542bb. - Income taxes.

Section 45a-542c. - Trustee's power to adjust.

Section 45a-542cc. - Adjustments between principal and income as result of taxes.

Section 45a-542d. - Determination and distribution of income interest of decedent's estate or in trust after trust ends.

Section 45a-542dd. - Uniformity of application and construction.

Section 45a-542e. - Distribution to beneficiaries.

Section 45a-542ee. - Severability clause.

Section 45a-542f. - Right to income.

Section 45a-542ff. - Application to existing trust or decedent's estate.

Section 45a-542g. - Apportionment of receipts and disbursements when decedent dies or interest income begins.

Section 45a-542h. - Apportionment when income interest ends.

Section 45a-542i. - Character of receipts.

Section 45a-542j. - Distribution from trust or estate.

Section 45a-542k. - Business and other activities conducted by trustee.

Section 45a-542l. - Principal receipts.

Section 45a-542m. - Rental property.

Section 45a-542n. - Obligation to pay money.

Section 45a-542o. - Insurance policies and similar contracts.

Section 45a-542p. - Insubstantial allocations not required.

Section 45a-542q. - Deferred compensation, annuities and similar payments. Separate funds.

Section 45a-542r. - Liquidating asset.

Section 45a-542s. - Minerals, water and other natural resources.

Section 45a-542t. - Timber.

Section 45a-542u. - Property not productive of income.

Section 45a-542v. - Derivatives and options.

Section 45a-542w. - Asset-backed securities.

Section 45a-542x. - Disbursements from income.

Section 45a-542y. - Disbursements from principal.

Section 45a-542z. - Transfers from income to principal for depreciation.

Section 45a-543. - Determination by court re abuse of discretion by fiduciary.