[§558-2] Purpose.
83 words·~1 min read·
/hi/chapter-558/558-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§558-2] Purpose. The purpose of this chapter is to authorize those trusts which incorporate it by reference to convey legal and equitable title to real estate in trust to a qualified trustee; to define the nature and extent of the beneficiaries' interest in the trust property; to define the obligations of persons dealing with the trustee to inquire into the trustee's authority; and to provide for disclosure of the identity and interest of the trust beneficiaries. [L 1978, c 151, pt of §1]