§415. Reformation to correct mistakes
The court may reform the terms of a trust, even if unambiguous, to conform the terms to the settlor's intention if it is proved by clear and convincing evidence that both the settlor's intent and the terms of the trust were affected by a mistake of fact or law, whether in expression or inducement. [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
SECTION HISTORY
PL 2003, c. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF).
Structure Maine Revised Statutes
Part 1: MAINE UNIFORM TRUST CODE
Chapter 4: CREATION, VALIDITY, MODIFICATION AND TERMINATION OF TRUST
18-B §401. Methods of creating trust
18-B §402. Requirements for creation
18-B §403. Trusts created in other jurisdictions
18-B §405. Charitable purposes; enforcement
18-B §406. Creation of trust induced by fraud, duress or undue influence
18-B §407. Evidence of oral trust
18-B §408. Trust for care of animal
18-B §409. Noncharitable trust without ascertainable beneficiary
18-B §410. Modification or termination of trust; proceedings for approval or disapproval
18-B §411. Modification or termination of noncharitable irrevocable trust by consent
18-B §414. Modification or termination of uneconomic trust
18-B §415. Reformation to correct mistakes