North Dakota § 59-09-10 (110) Others treated as qualified beneficiaries

North Dakota Statutes

§ 59-09-10 — (110) Others treated as qualified beneficiaries

North Dakota·Title 59 Trusts, Uses, and Powers·Ch. 59-09 General Provisions and Definitions

1.A charitable organization expressly designated to receive distributions under the terms of a charitable trust has the rights of a qualified beneficiary under chapters 59-09, 59-10, 59-11, 59-12, 59-13, 59-14, 59-15, 59-16, 59-17, 59-18, and 59-19 if the charitable organization, on the date the charitable organization's qualification is being determined:

a.Is a permissible distributee of trust income or principal;

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

2.A person appointed to enforce a trust created for the care o

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1. A charitable organization expressly designated to receive distributions under the terms
of a charitable trust has the rights of a qualified beneficiary under chapters 59-09,
59-10, 59-11, 59-12, 59-13, 59-14, 59-15, 59-16, 59-17, 59-18, and 59-19 if the
charitable organization, on the date the charitable organization's qualification is being
determined:
a. Is a permissible distributee of trust income or principal;
b. Would be a 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 permissible distributee of trust income or principal if the trust
terminated on that date.
2. A person appointed to enforce a trust created for the care of an animal or another
noncharitable purpose as provided in section 59-12-08 or 59-12-09 has the rights of a
qualified beneficiary under chapters 59-09, 59-10, 59-11, 59-12, 59-13, 59-14, 59-15,
59-16, 59-17, 59-18, and 59-19.
3. The attorney general of this state has the rights of a qualified beneficiary with respect
to a charitable trust having its principal place of administration in this state.

North Dakota § 59-09-10 ((110) Others treated as qualified beneficiaries) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.