55-1-5. Express trust created as to trustee--Words and acts of trustee.
44 words·~1 min read·
/sd/title-55/chapter-55-1/55-1-5A 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 trustee by any words or acts of his, indicating with reasonable certainty:
(1)His acceptance of the trust or his acknowledgment, made upon sufficient consideration, of its existence; and
(2)The subject, purpose, and beneficiary thereof.