Advanced Search

Section: 456.001.0110 Others treated as qualified beneficiaries. RSMO 456.01-110


Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
Missouri Revised Statutes













Chapter 456

Trusts and Trustees--The Uniform Trust Code

←456.01-109

Section 456.1-110.1

456.01-111→

August 28, 2015

Others treated as qualified beneficiaries.

456.1-110. 1. A specified charitable organization or a person appointed

to enforce a trust created for the care of an animal or another noncharitable

purpose as provided in sections 456.4-408 or 456.4-409 has the rights of a

qualified beneficiary under sections 456.1-101 to 456.11-1106.



2. Except with respect to sections 456.1-108 and 456.4B-411, the attorney

general of this state has the rights of a qualified beneficiary with respect

to an interest in a charitable trust having its principal place of

administration in this state if:



(1) a specified charitable organization is not entitled to a

distribution from such interest; and



(2) distributions from the interest are payable in a manner that, if

payable to an identifiable charitable entity, would qualify that entity as a

specified charitable organization.



3. In this section a "specified charitable organization" means an

identifiable charitable entity, the interest of which is not otherwise

subject to any power of appointment or other power of termination, that, on

the date that entity's qualification is determined:



(a) is a permissible distributee;



(b) would be a permissible distributee if the interests of the

permissible distributees terminated on that date; or



(c) would be a permissible distributee if the trust terminated on that

date.



4. No provision of this section shall limit the authority of the attorney

general of this state to supervise and control charitable organizations.



(L. 2004 H.B. 1511, A.L. 2006 S.B. 892)





2005



2005



456.1-110. 1. A specified charitable organization or a person

appointed to enforce a trust created for the care of an animal or another

noncharitable purpose as provided in sections 456.4-408 or 456.4-409 has

the rights of a qualified beneficiary under sections 456.1-101 to 456.11-

1106.



2. Except with respect to section 456.4B-411, the attorney general of

this state has the rights of a qualified beneficiary with respect to an

interest in a charitable trust having its principal place of administration

in this state if:



(1) a specified charitable organization is not entitled to a

distribution from such interest; and



(2) distributions from the interest are payable in a manner that, if

payable to an identifiable charitable entity, would qualify that entity as

a specified charitable organization.



3. In this section a "specified charitable organization" means an

identifiable charitable entity that, on the date that entity's

qualification is determined:



(a) is a permissible distributee;



(b) would be a permissible distributee if the interests of the

permissible distributees terminated on that date; or



(c) would be a permissible distributee if the trust terminated on

that date.



4. No provision of this section shall limit the authority of the

attorney general of this state to supervise and control charitable

organizations.



Top



Missouri General Assembly



Copyright © Missouri Legislature, all rights reserved.