Section 18-13-22. – Severability.
§ 18-13-22. Severability. If any provision of this chapter or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are severable. History […]
Section 18-15-10. – Language invoking standard of chapter.
§ 18-15-10. Language invoking standard of chapter. The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorize any investment or strategy permitted under this chapter: “investments permissible by law for investment of trust funds,” “legal investments,” “authorized investments,” “using the judgment and care under the circumstances then […]
Section 18-14-1. – Short title.
§ 18-14-1. Short title. This chapter shall be known and cited as the “Uniform Testamentary Additions to Trusts Act”. History of Section.P.L. 1994, ch. 352, § 1.
Section 18-15-11. – Application to existing trusts.
§ 18-15-11. Application to existing trusts. This chapter applies to trusts existing on and created after August 6, 1996. As applied to trusts existing on its effective date, this chapter governs only decisions or actions occurring after that date. History of Section.P.L. 1996, ch. 276, § 1.
Section 18-14-2. – Testamentary additions to trusts.
§ 18-14-2. Testamentary additions to trusts. (a) A will may validly devise or bequeath property to the trustee of a trust established or to be established: (1) During the testator’s lifetime by the testator, by the testator and some other person, or by some other person, including a funded or unfunded life insurance trust, although […]
Section 18-14-3. – Effect on existing wills.
§ 18-14-3. Effect on existing wills. This chapter applies to a will of a testator who dies after July 12, 1994. History of Section.P.L. 1994, ch. 352, § 1.
Section 18-14-4. – Uniformity of application and construction.
§ 18-14-4. Uniformity of application and construction. This chapter shall be applied and construed to effectuate its general purpose to make the law uniform with respect to the subject of this chapter among states enacting it. History of Section.P.L. 1994, ch. 352, § 1.
Section 18-14-5. – Repealed.
§ 18-14-5. Repealed. History of Section.P.L. 1994, ch. 352, § 1; Repealed by P.L. 2004, ch. 6, § 53, effective April 14, 2004.
Section 18-14-6. – Severability.
§ 18-14-6. Severability. If any provision of this chapter or its application is held invalid, the invalidity does not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application, and to this end provisions of this chapter are severable. History of Section.P.L. 1994, ch. 352, § […]
Section 18-15-1. – Prudent investor rule.
§ 18-15-1. Prudent investor rule. (a) Except as otherwise provided in subsection (b) of this section, a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in this chapter. (b) The prudent investor rule, a default rule, may be […]