§ 1423.
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/vt/1423A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 1423. Trust for care of animal
(a)As used in this section:
(1)“Animal trust” means a trust or an interest in a trust created to provide for the care of one or more animals.
(2)“Protector” means a person appointed in an animal trust to enforce the trust on behalf of the animal or, if no such person is appointed in the trust, a person appointed by the court for that purpose.
(b)The decanting power may be exercised over an animal trust that has a protector to the extent the trust could be decanted under this chapter if each animal that benefits from the trust were an individual, if the protector consents in a signed record to the exercise of the power.
(c)A protector for an animal has the rights under this chapter of a qualified beneficiary.
(d)Notwithstanding any other provision of this chapter, if a first trust is an animal trust, in an exercise of the decanting power, the second trust shall provide that trust property may be applied only to its intended purpose for the period the first trust benefitted the animal. (Added 2023, No. 177 (Adj. Sess.), § 1, eff. July 1, 2024.)