§1222. Trust for care of animal
1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
A. "Animal trust" means a trust or an interest in a trust created to provide for the care of one or more animals. [PL 2021, c. 235, §1 (NEW).]
B. "Protector" means a person appointed in an animal trust to enforce the trust on behalf of the animal or, if no such person is appointed in the trust, a person appointed by the court for that purpose. [PL 2021, c. 235, §1 (NEW).]
[PL 2021, c. 235, §1 (NEW).]
2. Consent of protector. The decanting power may be exercised over an animal trust that has a protector to the extent the trust could be decanted under this Act if each animal that benefits from the trust were an individual, if the protector consents in a signed record to the exercise of the power.
[PL 2021, c. 235, §1 (NEW).]
3. Rights of qualified beneficiary. A protector for an animal has the rights under this Act of a qualified beneficiary.
[PL 2021, c. 235, §1 (NEW).]
4. Time period first trust benefited animal. Notwithstanding any provision of this Act to the contrary, if a first trust is an animal trust, in an exercise of the decanting power, the 2nd trust must provide that trust property may be applied only for its intended purpose for the time period the first trust benefited the animal.
[PL 2021, c. 235, §1 (NEW).]
SECTION HISTORY
PL 2021, c. 235, §1 (NEW).
Structure Maine Revised Statutes
Part 1: MAINE UNIFORM TRUST CODE
Chapter 12: MAINE UNIFORM TRUST DECANTING ACT
18-B §1205. Application; governing law
18-B §1206. Reasonable reliance
18-B §1207. Notice; exercise of decanting power
18-B §1210. Decanting power under expanded distributive discretion
18-B §1211. Decanting power under limited distributive discretion
18-B §1212. Trust for beneficiary with disability
18-B §1213. Protection of charitable interest
18-B §1214. Trust limitation on decanting
18-B §1215. Change in compensation
18-B §1216. Relief from liability and indemnification
18-B §1217. Removal or replacement of authorized fiduciary
18-B §1218. Tax-related limitations
18-B §1219. Duration of 2nd trust
18-B §1220. Need to distribute not required
18-B §1222. Trust for care of animal
18-B §1223. Terms of 2nd trust
18-B §1225. Later-discovered property
18-B §1227. Uniformity of application and construction
18-B §1228. Relation to Electronic Signatures in Global and National Commerce Act