Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Section 55-4-1 - Definition of terms. - 55-4-1. Definition of terms. Terms used in this chapter mean:...
Section 55-4-2 - Powers attached to the office of trustee. - 55-4-2. Powers attached to the office of trustee. Unless it...
Section 55-4-3 - Number of trustees for exercise of powers. - 55-4-3. Number of trustees for exercise of powers. Unless it...
Section 55-4-4 - Liability of trustee not joining in exercise of power. - 55-4-4. Liability of trustee not joining in exercise of power....
Section 55-4-5 - Cotrustee--Liability for maladministration of trust. - 55-4-5. Cotrustee--Liability for maladministration of trust. Nothing in §55-4-3 or...
Section 55-4-6 - Voting of corporate stock owned by trustee. - 55-4-6. Voting of corporate stock owned by trustee. A trustee...
Section 55-4-7 - Creation of trust--Bank account to pay special debts. - 55-4-7. Creation of trust--Bank account to pay special debts. Whenever...
Section 55-4-8 - Trust to pay special debts--Failure of beneficiary to present claim for payment--Revocation of trust by depositor. - 55-4-8. Trust to pay special debts--Failure of beneficiary to present...
Section 55-4-9 - Holding stock in name of nominee. - 55-4-9. Holding stock in name of nominee. A trustee owning...
Section 55-4-10 - Loan of trust funds. - 55-4-10. Loan of trust funds. Except as provided in §§55-4-11...
Section 55-4-11 - Corporate trustee depositing trust funds with self--Interest. - 55-4-11. Corporate trustee depositing trust funds with self--Interest. A corporate...
Section 55-4-12 - Corporate trustee depositing trust funds with self--Maintenance of required value--Ownership of income--Items specified in statements of financial condition to Division of Banking. - 55-4-12. Corporate trustee depositing trust funds with self--Maintenance of required...
Section 55-4-13 - Trustee not to buy from or sell to self--Exception. - 55-4-13. Trustee not to buy from or sell to self--Exception....
Section 55-4-14 - Permitted sales between trusts held by same corporate trustee. - 55-4-14.Permitted sales between trusts held by same corporate trustee. A...
Section 55-4-15 - Corporate trustee buying its own stock. - 55-4-15. Corporate trustee buying its own stock. No corporate trustee,...
Section 55-4-16 - Withdrawals from mingled trust funds. - 55-4-16. Withdrawals from mingled trust funds. Where a person who...
Section 55-4-17 - Unenforceable oral trust created by deed--Duties of intended trustee--Conveyance of real property interest under oral trust. - 55-4-17. Unenforceable oral trust created by deed--Duties of intended trustee--Conveyance...
Section 55-4-18 - Unenforceable oral trust created by deed--Liability of trustee to settlor for transfer of real property. - 55-4-18. Unenforceable oral trust created by deed--Liability of trustee to...
Section 55-4-19 - Action on contract against trustee in representative capacity--Execution against trust property--Intervention by beneficiary. - 55-4-19. Action on contract against trustee in representative capacity--Execution against...
Section 55-4-20 - Action on contract against trustee--Notice to beneficiaries. - 55-4-20. Action on contract against trustee--Notice to beneficiaries. No judgment...
Section 55-4-21 - Action on contract against trustee--Personal liability of trustee. - 55-4-21. Action on contract against trustee--Personal liability of trustee. The...
Section 55-4-22 - Exoneration or reimbursement of trustee for tort committed in administration of trust. - 55-4-22. Exoneration or reimbursement of trustee for tort committed in...
Section 55-4-23 - Exoneration or reimbursement of trustee for tort--Increase in value of trust property. - 55-4-23. Exoneration or reimbursement of trustee for tort--Increase in value...
Section 55-4-24 - Liability of trustees of charitable trust for torts not changed by provisions of law as to exoneration or reimbursement of trustee for tort. - 55-4-24. Liability of trustees of charitable trust for torts not...
Section 55-4-25 - Tort liability of trust estate--Action against trustee, amount of recovery, intervention by beneficiary. - 55-4-25. Tort liability of trust estate--Action against trustee, amount of...
Section 55-4-26 - Tort liability of trust estate--Action against trustee, proof as to reimbursement unnecessary. - 55-4-26. Tort liability of trust estate--Action against trustee, proof as...
Section 55-4-27 - Tort liability of trust estate--Action against trustee, notice to beneficiaries. - 55-4-27. Tort liability of trust estate--Action against trustee, notice to...
Section 55-4-28 - Personal liability for tort committed by trustee. - 55-4-28. Personal liability for tort committed by trustee. The trustee...
Section 55-4-29 - Existing law as to charitable immunity not changed by law as to tort liability of trust estate. - 55-4-29. Existing law as to charitable immunity not changed by...
Section 55-4-30 - Power of settlor of trust. - 55-4-30. Power of settlor of trust. Subject to the final...
Section 55-4-31 - Trustee not liable if beneficiary consents to conduct or releases trustee from liability or ratifies transaction. - 55-4-31. Trustee not liable if beneficiary consents to conduct or...
Section 55-4-32 - Relieving trustee of duties--Power of the court. - 55-4-32. Relieving trustee of duties--Power of the court. A court...
Section 55-4-33 - Liabilities for violations of chapter. - 55-4-33. Liabilities for violations of chapter. If a trustee violates...
Section 55-4-34 - Application of chapter to testamentary trust. - 55-4-34. Application of chapter to testamentary trust. This chapter shall...
Section 55-4-35 - Uniformity of interpretation. - 55-4-35. Uniformity of interpretation. This chapter shall be so interpreted...
Section 55-4-36 - Citation of chapter. - 55-4-36. Citation of chapter. This chapter may be cited as...
Section 55-4-37 - Liability for fiduciary's partnership interest limited. - 55-4-37. Liability for fiduciary's partnership interest limited. If permitted by...
Section 55-4-38 - Limitation on trustee's power to make distributions to his or her benefit. - 55-4-38. Limitation on trustee's power to make distributions to his...
Section 55-4-39 - "Trustee" construed broadly. - 55-4-39."Trustee" construed broadly. The reference to trustee in §55-4-38 includes...
Section 55-4-40 - Applicability of §§ 55-4-38 and 55-4-39. - 55-4-40. Applicability of §§55-4-38 and 55-4-39. The provisions of §§55-4-38...
Section 55-4-41 - Certain trustees exempted from §§ 55-4-38 to 55-4-40, inclusive. - 55-4-41. Certain trustees exempted from §§55-4-38 to 55-4-40, inclusive. The...
Section 55-4-50 - Co-trustee's inability or failure to perform. - 55-4-50. Co-trustee's inability or failure to perform. If a co-trustee...
Section 55-4-51 - Certificate of trust furnished in lieu of copy of trust instrument or will that creates testamentary trust--Contents. - 55-4-51. Certificate of trust furnished in lieu of copy of...
Section 55-4-51.1 - Recording of certificate of trust--Reliance upon content. - 55-4-51.1. Recording of certificate of trust--Reliance upon content. A certificate...
Section 55-4-51.2 - Applicability of §§ 55-4-51 and 55-4-51.1. - 55-4-51.2. Applicability of §§55-4-51 and 55-4-51.1. Sections 55-4-51 and 55-4-51.1...
Section 55-4-51.3 - Form of certificate of trust in support of a real property transaction. - 55-4-51.3. Form of certificate of trust in support of a...
Section 55-4-52 - Request for excerpts from trust instrument. - 55-4-52. Request for excerpts from trust instrument. A recipient of...
Section 55-4-53 - Limitation of liability for acting in reliance on certificate of trust. - 55-4-53. Limitation of liability for acting in reliance on certificate...
Section 55-4-54 - Enforcement of transaction entered into in reliance on certificate of trust. - 55-4-54. Enforcement of transaction entered into in reliance on certificate...
Section 55-4-55 - Liability for bad faith demand for trust instrument. - 55-4-55. Liability for bad faith demand for trust instrument. Any...
Section 55-4-56 - Right to obtain copy of trust instrument in judicial proceeding. - 55-4-56. Right to obtain copy of trust instrument in judicial...
Section 55-4-57 - Time for commencing judicial proceeding to contest validity of trust--Distribution of trust property--Recovery of improper distribution--Notice. - 55-4-57. Time for commencing judicial proceeding to contest validity of...
Section 55-4-58 - Presentation of claims against property of trust revocable at settlor's death. - 55-4-58. Presentation of claims against property of trust revocable at...