Chapter 701

CHAPTER 701

TRUSTS

SUBCHAPTER I

GENERAL PROVISIONS AND DEFINITIONS

701.0101   Short title.

701.0102   Scope.

701.0103   Definitions.

701.0104   Knowledge.

701.0105   Default and mandatory rules.

701.0106   Common law of trusts; principles of equity.

701.0107   Governing law.

701.0108   Principal place of administration.

701.0109   Methods of notice; waiver.

701.0110   Others treated as qualified beneficiaries.

701.0111   Nonjudicial settlement agreements.

701.0113   Insurable interest of trustee.

SUBCHAPTER II

JUDICIAL PROCEEDINGS

701.0201   Role of court in administration of trust.

701.0202   Personal jurisdiction.

701.0203   Subject matter jurisdiction.

701.0204   Venue.

701.0205   Notice.

701.0206   Attorney for person in military service.

SUBCHAPTER III

REPRESENTATION

701.0301   Representation: basic effect.

701.0302   Representation by powerholder of certain powers of appointment.

701.0303   Representation by fiduciaries, parents, or a person appointed by a trustee.

701.0304   Representation by person having substantially identical interest.

701.0305   Appointment of representative by a court.

701.0306   Designated representative.

701.0307   Role of a representative or guardian ad litem.

701.0308   Liability of representative.

SUBCHAPTER IV

CREATION, VALIDITY, MODIFICATION,
AND TERMINATION OF TRUST

701.0401   Methods of creating a trust.

701.0402   Requirements for creation.

701.0403   Trusts created in other jurisdictions.

701.0404   Trust purposes.

701.0405   Charitable purposes; enforcement.

701.0406   Creation of trust induced by fraud, duress, or undue influence.

701.0407   Evidence of oral trust.

701.0408   Trust for care of animal.

701.0409   Noncharitable trust without ascertainable beneficiary.

701.0410   Modification or termination of trust; proceedings for approval or disapproval.

701.0411   Modification or termination of noncharitable irrevocable trust by consent.

701.0412   Modification or termination because of unanticipated circumstances or inability to administer trust effectively.

701.0413   Cy pres.

701.0414   Modification or termination of uneconomic trust.

701.0415   Reformation to correct mistakes.

701.0416   Modification or termination to achieve settlor’s tax objectives.

701.0417   Combination and division of trusts.

701.0419   Transfers to trusts.

SUBCHAPTER V

CREDITOR’S CLAIMS; SPENDTHRIFT
AND DISCRETIONARY TRUSTS

701.0501   Rights of beneficiary’s creditor or assignee.

701.0502   Spendthrift provision.

701.0503   Exceptions to spendthrift provision.