§ 15-5-110 — Others treated as qualified beneficiaries

(1) Whenever notice to
qualified beneficiaries of a trust is required pursuant to this code, the trustee shall
also give notice to any other beneficiary who has sent the trustee a request for
notice.

(2) A charitable organization expressly designated to receive distributions
under the terms of a charitable trust has the rights of a qualified beneficiary
pursuant to this code if the charitable organization, on the date the charitable
organization's qualification is being determined:

(a) Is a distributee or permissible distributee of trust income or principal;

(b) Would be a distributee or permissible distributee of trust income or
principal upon the termination of the interests of other distributees or permissible
distributees then receiving or eligible to receive distributions; or

(c) Would be a distributee or permissible distributee of trust income or
principal if the trust terminated on that date.

(3) A person appointed to enforce a trust created for the care of an animal or
another noncharitable purpose as provided in section 15-5-408 or 15-5-409 has the
rights of a qualified beneficiary pursuant to this code.

(4) The attorney general has the rights of a qualified beneficiary with respect
to a charitable trust having its principal place of administration in this state.

Legislative History

Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1150, � 1, effective January 1, 2019.