Section 17-30-602 – Interests; Units and Shares.
17-30-602. Interests; units and shares. (a) Repealed by Laws 2021, ch. 98, § 2. (b) Repealed by Laws 2021, ch. 98, § 2. (c) No creditor of a beneficiary shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the property of the statutory foundation. (d) Repealed […]
Section 17-30-603 – Limitation of Transferability of Rights.
17-30-603. Limitation of transferability of rights. Subject to the operating agreement of the statutory foundation, a beneficial interest in a foundation is transferable.
Section 17-30-601 – Beneficiaries.
17-30-601. Beneficiaries. (a) The articles of formation or operating agreement of a statutory foundation may provide for the distribution of property of the foundation to one (1) or more beneficiaries. (b) Notwithstanding subsection (a) of this section, a beneficiary of a statutory foundation shall not have the right to, or interest in, property of the […]