75B-2-409. Noncharitable trust without ascertainable beneficiary.
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Effective 5/7/2025
75B-2-409. Noncharitable trust without ascertainable beneficiary.
A trust may be created for a noncharitable purpose without a definite or definitely ascertainable beneficiary or for a noncharitable but otherwise valid purpose to be selected by the trustee as provided in Section 75-2-1001 .
Renumbered and Amended by Chapter 310 , 2025 General Session