§ 404. Trust purposes
A trust may be created only to the extent its purposes are lawful, not contrary to public policy, and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries. (Added 2009, No. 20, § 1.)
Structure Vermont Statutes
Chapter 4 - Creation, Validity, Modification, and Termination of Trust
§ 401. Methods of creating trust
§ 402. Requirements for creation
§ 403. Trusts created in other jurisdictions
§ 405. Charitable purposes; enforcement
§ 406. Creation of trust induced by fraud, duress, or undue influence
§ 408. Trust for care of animal
§ 409. Noncharitable trust without ascertainable beneficiary
§ 410. Modification or termination of trust; proceedings for approval or disapproval
§ 411. Modification or termination of noncharitable irrevocable trust by consent
§ 414. Modification or termination of uneconomic trust
§ 415. Reformation to correct mistakes
§ 416. Modification to achieve settlor’s tax objectives
§ 417. Combination and division of trusts
§ 418. Intentional and unlawful killing; termination of interest in trust