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General Laws of Massachusetts (Last Updated: January 16, 2020) |
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PART II REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS |
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TITLE II. DESCENT AND DISTRIBUTION, WILLS, ESTATES OF DECEASED PERSONS AND ABSENTEES, GUARDIANSHIP, CONSERVATORSHIP AND TRUSTS |
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CHAPTER 203B. UNIFORM CUSTODIAL TRUST ACT |
| SECTION 1. Definitions |
| SECTION 2. Creation; termination; augmentation of trust property; designation of successor trustee |
| SECTION 3. Designation as substitute or successor custodial trustees |
| SECTION 4. Custodial trustee's acceptance |
| SECTION 5. Transfer of trust property for use and benefit of incapacitated individual |
| SECTION 6. Multiple beneficiaries; right of survivorship |
| SECTION 7. Vesting title; management of trust property; duties |
| SECTION 8. Trustee's rights and powers over trust property |
| SECTION 9. Payments to beneficiaries |
| SECTION 10. Administration of trust for incapacitated beneficiary; determination of incapacity |
| SECTION 11. Third person dealing with one purporting to act as trustee |
| SECTION 12. Claims against trust property; trustee, beneficiary liability |
| SECTION 13. Trustee declining to serve; resignation; petition for removal |
| SECTION 14. Expenses; bond |
| SECTION 15. Written statement of property and administration; petition for accounting |
| SECTION 16. Claims for relief; time limitations |
| SECTION 17. Termination of trust; order of distribution |
| SECTION 18. Transfer of property to create trust |
| SECTION 19. Applicable law; place of transfer |