55-1-4. Creation of express trust--Words or acts of trustor.
59 words·~1 min read·
/sd/title-55/chapter-55-1/55-1-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An express trust is created as to the trustor and beneficiary by any words or acts of the trustor indicating with reasonable certainty:
(1)An intention on the part of the trustor to create a trust; and
(2)The subject, purpose, and beneficiary of the trust.
Any express trust that concerns real property shall also be evidenced in writing.