§417. Combination and division of trusts
After notice to the qualified beneficiaries, a trustee may combine 2 or more trusts into a single trust or divide a trust into 2 or more separate trusts, if the result does not impair rights of any beneficiary or adversely affect achievement of the purposes of the trust. [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