Missouri Revised Statutes
Chapter 402 - Trust Funds for Disabled Persons
Section 402.207 - Charitable trust established, when.

Effective - 28 Aug 2011
402.207. Charitable trust established, when. — 1. The board of trustees shall establish a charitable trust for the benefit of individuals with disabilities.
2. The board of trustees shall accept contributions to the charitable trust at the termination of trust accounts and other contributions from donors in accordance with policies and procedures adopted by the board of trustees.
3. The trustees shall as necessary determine the amount of income and principal of the charitable trust to be used to provide benefits for individuals with disabilities. Benefits provided shall only be those that have no negative effect on the individual's entitlement to government benefits. Any income not used to provide benefits shall be added to the principal annually.
4. Any person with the consent of the board of trustees may establish a restricted account within the charitable trust and may determine, with the consent of the board of trustees, the class of individuals eligible to be recipients of funds from the restricted account, so long as the eligible recipients are individuals with disabilities as set forth in section 402.200.
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(L. 2011 S.B. 70)

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XXVI - Trade and Commerce

Chapter 402 - Trust Funds for Disabled Persons

Section 402.130 - Definitions.

Section 402.132 - Charitable purposes of the institution and fund to be considered — good faith required — authority of the institution.

Section 402.134 - Appropriation for expenditure or accumulation of endowment fund, amount permitted — factors to consider.

Section 402.136 - Delegation of management and investment, when — requirements of the institution.

Section 402.138 - Release or modification of restrictions permitted, when.

Section 402.140 - Applicability.

Section 402.142 - Federal acts, effect of.

Section 402.144 - Compliance, determined when.

Section 402.146 - Uniformity of law to be considered in application of law.

Section 402.148 - Governing boards and directors, law not to amend duties and liabilities of.

Section 402.199 - Declaration of policy — contributions to Missouri family trust not to adversely impact other benefits of beneficiaries.

Section 402.200 - Definitions.

Section 402.201 - Board of trustees created, members, expenses — accounting of funds required — assets not state moneys — immunity from liability, when.

Section 402.202 - Trust accounts, restricted trust accounts, charitable trust — administered as Missouri family trust — pooling permitted — additional board powers.

Section 402.203 - Contribution of assets, by whom — trust account to be created — cotrustees and successors — breach of fiduciary duty, effect of — death of beneficiary, procedure — remainder distribution.

Section 402.204 - Settlor may contribute assets — trust account created — cotrustees and successors — breach of fiduciary duty, effect of — death of beneficiary, procedure — remainder distribution.

Section 402.205 - Withdrawal from trust account, when — revocation or termination of trust, when, distribution — trust principal and income held for benefit of beneficiary.

Section 402.206 - First and third party trusts, account held and administered, how.

Section 402.207 - Charitable trust established, when.

Section 402.208 - Fees authorized — periodic reports — no property interest in trust account, when.