§ 7780.7. Distribution upon termination.
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§ 7780.7. Distribution upon termination.
Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed to distribute the trust property within a reasonable time to the persons entitled to it, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses and taxes.
20c7780.11h
SUBCHAPTER H.1
DIRECTED TRUSTS
Sec.
7780.11. Short title of subchapter.
7780.12. Definitions - UDTA 2.
7780.13. Application - UDTA 3.
7780.14. Exclusions - UDTA 5.
7780.15. Powers of trust director and shared powers - UDTA 6.
7780.16. Trust director for investments.
7780.17. Trust protector.
7780.18. Limitations on powers of trust director - UDTA 7.
7780.19. Duty and liability of trust director - UDTA 8.
7780.20. Duty and liability of directed trustee - UDTA 9.
7780.21. Duty to provide information to trust director or directed trustee - UDTA 10.
7780.22. No duty to monitor, inform or advise - UDTA 11.
7780.23. Application to cotrustee - UDTA 12.
7780.24. Limitation of action against trust director - UDTA 13.
7780.25. Defenses in action against trust director - UDTA 14.
7780.26. Jurisdiction over trust director - UDTA 15.
7780.27. Office of trust director - UDTA 16.
Enactment. Subchapter H.1 was added July 15, 2024, P.L.786, No.64, effective in 90 days.
Special Provisions in Appendix. See section 11 of Act 64 of 2024 in the appendix to this title for special provisions relating to Uniform Trust Code.
Cross References. Subchapter H.1 is referred to in section 7778 of this title.
20c7780.11s