General Laws of Massachusetts (Last Updated: January 16, 2020) |
PART II REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS |
TITLE II. DESCENT AND DISTRIBUTION, WILLS, ESTATES OF DECEASED PERSONS AND ABSENTEES, GUARDIANSHIP, CONSERVATORSHIP AND TRUSTS |
CHAPTER 203E. MASSACHUSETTS UNIFORM TRUST CODE |
ARTICLE 1. GENERAL PROVISIONS AND DEFINITIONS |
SECTION 101. Short title |
SECTION 102. Scope |
SECTION 103. Definitions |
SECTION 104. Knowledge |
SECTION 105. Default and mandatory rules |
SECTION 106. Common law of trusts; principles of equity |
SECTION 107. Reserved |
SECTION 108. Principal place of administration |
SECTION 109. Methods and waiver of notice |
SECTION 110. Others treated as qualified beneficiaries |
SECTION 111. Non-judicial settlement agreements |
SECTION 112. Rules of construction |
SECTION 113. Qualification of foreign trustee |
ARTICLE 2. JUDICIAL PROCEEDINGS |
SECTION 201. Role of court in administration of trust |
SECTION 202. Jurisdiction over trustee and beneficiary |
SECTION 203. Trust proceedings; dismissal of matters relating to foreign trusts |
SECTION 204. Venue |
SECTION 205. Petition for transfers of trust property the disposition of which depends upon the death of an absentee |
ARTICLE 3. REPRESENTATION |
SECTION 301. Representation: basic effect |
SECTION 302. Representation by holder of general testamentary power of appointment |
SECTION 303. Representation by fiduciaries and parents |
SECTION 304. Representation by person having substantially identical interest |
SECTION 305. Appointment of guardian ad litem |
ARTICLE 4. CREATION, VALIDITY, MODIFICATION AND TERMINATION OF TRUST |
SECTION 401. Methods of creating trust |
SECTION 402. Requirements for creation |
SECTION 403. Trusts created in other jurisdictions |
SECTION 404. Trust purposes |
SECTION 405. Charitable purposes; enforcement |
SECTION 406. Creation of trust induced by fraud, duress or undue influence |
SECTION 407. Evidence of oral trust |
SECTION 408. Trust for care of an animal |
SECTION 409. Non-charitable trust without ascertainable beneficiary |
SECTION 410. Modification or termination of trust; proceedings for approval or disapproval |
SECTION 411. Modification or termination of non-charitable irrevocable trust by consent |
SECTION 412. Modification or termination because of unanticipated circumstances or inability to administer trust effectively |
SECTION 413. Reserved |
SECTION 414. Modification or termination of uneconomic trust |
SECTION 415. Reformation to correct mistakes |
SECTION 416. Reserved |
SECTION 417. Combination and division of trusts |
ARTICLE 5. CREDITOR'S CLAIMS; SPENDTHRIFT AND DISCRETIONARY TRUSTS |
SECTION 501. Rights of beneficiary's creditor or assignee |
SECTION 502. Spendthrift provision |
SECTION 503. Reserved |
SECTION 504. Reserved |
SECTION 505. Creditor's claim against settlor |
SECTION 506. Overdue distribution |
SECTION 507. Personal obligations of trustee |
ARTICLE 6. REVOCABLE TRUSTS |
SECTION 601. Reserved |
SECTION 602. Revocation or amendment of revocable trust |
SECTION 603. Settlor's powers; powers of withdrawal |
SECTION 604. Limitation on action contesting validity of revocable trust; distribution of trust property |
ARTICLE 7. OFFICE OF TRUSTEE |
SECTION 701. Accepting or declining trusteeship |
SECTION 702. Duty to provide bond |
SECTION 703. Co-trustees |
SECTION 704. Vacancy in trusteeship; appointment of successor |
SECTION 705. Resignation of trustee |
SECTION 706. Removal of trustee |
SECTION 707. Delivery of property by former trustee |
SECTION 708. Compensation of trustee |
SECTION 709. Reimbursement of expenses |
ARTICLE 8. DUTIES AND POWERS OF TRUSTEE |
SECTION 801. Duty to administer trust |
SECTION 802. Duty of loyalty |
SECTION 803. Impartiality |
SECTION 804. Prudent administration |
SECTION 805. Costs of administration |
SECTION 806. Trustee's skills |
SECTION 807. Delegation by trustee |
SECTION 808. Powers to direct |
SECTION 809. Control and protection of trust property |
SECTION 810. Recordkeeping and identification of trust property |
SECTION 811. Enforcement and defense of claims |
SECTION 812. Collecting trust property |
SECTION 813. Duty to inform and report |
SECTION 814. Discretionary powers; tax savings |
SECTION 815. General powers of trustee |
SECTION 816. Specific powers of trustee |
SECTION 817. Distribution upon termination |
ARTICLE 10. LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH TRUSTEE |
SECTION 1001. Remedies for breach of trust |
SECTION 1002. Reserved |
SECTION 1003. Reserved |
SECTION 1004. Reserved |
SECTION 1005. Limitation of action against trustee |
SECTION 1006. Reliance on trust instrument |
SECTION 1007. Event affecting administration or distribution |
SECTION 1008. Exculpation of trustee |
SECTION 1009. Beneficiary's consent, release or ratification |
SECTION 1010. Limitation on personal liability of trustee dren, or, if none, parents, brothers and sisters, or, if none, heirs apparent or presumptive; |
SECTION 1011. Interest as general partner |
SECTION 1012. Protection of person dealing with trustee |
SECTION 1013. Certification of trust |