[ §554D-110] Others treated as qualified beneficiaries.
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[ §554D-110] Others treated as qualified beneficiaries.
(a)A charitable organization expressly designated to receive distributions under the terms of a charitable trust has the rights of a qualified beneficiary under this chapter if the charitable organization, on the date the charitable organization's qualification is being determined:
(1)Is a distributee or permissible distributee of trust income or principal;
(2)Would be a distributee or permissible distributee of trust income or principal upon the termination of the interests of other distributees or permissible distributees then receiving or eligible to receive distributions; or
(3)Would be a distributee or permissible distributee of trust income or principal if the trust terminated on that date.
(b)A person appointed to enforce a trust created for the care of an animal or another noncharitable purpose, as provided in section 554D-408 or 554D-409, has the rights of a qualified beneficiary under this chapter.
(c)The attorney general of this State has the rights of a qualified beneficiary with respect to a charitable trust having its principal place of administration in this State. [L 2021, c 32, pt of §2]