Code · Arizona · Title 14 — Education, Libraries, and Museums

14-10106. Common law of trusts; principles of equity

99 words·~1 min read·/az/title-14/14-10106

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. The common law of trusts and principles of equity supplement this chapter, except to the extent modified by this chapter or another statute of this state.

B. The court shall look to the restatement (second) of trusts for interpretation of the common law and not to subsequent restatements of trusts to determine:

1. The rights and powers of creditors of beneficiaries.

2. The duties of trustees to distribute to those to whom a beneficiary owes any duties.

3. Whether public policy may affect enforceability and effectiveness of the terms of the trust.

4. And effectuate the settlor's intent.