Mass. Gen. Laws ch. 203E – Massachusetts Uniform Trust Code | Midpage

Collections
Massachusetts General Laws

Chapter 203E

Mass. Gen. Laws ch. 203E

Massachusetts Uniform Trust Code

101Short title 102Scope 103Definitions 104Knowledge 105Default and mandatory rules 106Common law of trusts; principles of equity 108Principal place of administration 109Methods and waiver of notice 110Others treated as qualified beneficiaries 111Non-judicial settlement agreements 112Rules of construction 113Qualification of foreign trustee 201Role of court in administration of trust 202Jurisdiction over trustee and beneficiary 203Trust proceedings; dismissal of matters relating to foreign trusts 204Venue 205Petition for transfers of trust property the disposition of which depends upon the death of an absentee 301Representation: basic effect 302Representation by holder of general testamentary power of appointment 303Representation by fiduciaries and parents 304Representation by person having substantially identical interest 305Appointment of guardian ad litem 401Methods of creating trust 402Requirements for creation 403Trusts created in other jurisdictions 404Trust purposes 405Charitable purposes; enforcement 406Creation of trust induced by fraud, duress or undue influence 407Evidence of oral trust 408Trust for care of an animal 409Non-charitable trust without ascertainable beneficiary 410Modification or termination of trust; proceedings for approval or disapproval 411Modification or termination of non-charitable irrevocable trust by consent 412Modification or termination because of unanticipated circumstances or inability to administer trust effectively 414Modification or termination of uneconomic trust 415Reformation to correct mistakes 417Combination and division of trusts 501Rights of beneficiary's creditor or assignee 502Spendthrift provision 505Creditor's claim against settlor 506Overdue distribution 507Personal obligations of trustee 602Revocation or amendment of revocable trust 603Settlor's powers; powers of withdrawal 604Limitation on action contesting validity of revocable trust; distribution of trust property 701Accepting or declining trusteeship 702Duty to provide bond 703Co-trustees 704Vacancy in trusteeship; appointment of successor 705Resignation of trustee 706Removal of trustee 707Delivery of property by former trustee 708Compensation of trustee 709Reimbursement of expenses 801Duty to administer trust 802Duty of loyalty 803Impartiality 804Prudent administration 805Costs of administration 806Trustee's skills 807Delegation by trustee 808Powers to direct 809Control and protection of trust property 810Recordkeeping and identification of trust property 811Enforcement and defense of claims 812Collecting trust property 813Duty to inform and report 814Discretionary powers; tax savings 815General powers of trustee 816Specific powers of trustee 817Distribution upon termination 1001Remedies for breach of trust 1005Limitation of action against trustee 1006Reliance on trust instrument 1007Event affecting administration or distribution 1008Exculpation of trustee 1009Beneficiary's consent, release or ratification 1010Limitation on personal liability of trustee 1011Interest as general partner 1012Protection of person dealing with trustee 1013Certification of trust