55-1-21. Trust for care of animal, care of other property, or other lawful noncharitable purpose.
The following purpose trusts are valid:
(1)A trust for the care of a designated animal or animals;
(2)A trust for the care, maintenance, promotion, continuation, conservation, upkeep, protection, furtherance, or preservation of any other property; and
(3)A trust for any other lawful noncharitable purpose or purposes.
Source: SL 2006, ch 247, §2; SL 2018, ch 275, §3.