§ 30-3839 — (UTC 413) Cy pres

(UTC
413) (a) Except as otherwise provided in subsection (b) of this section, if
a particular charitable purpose becomes unlawful, impracticable, impossible
to achieve, or wasteful:
(1) the trust does not fail, in whole or in part;
(2) the trust property does not revert to the settlor or the settlor's
successors in interest; and
(3) the court may apply cy pres to modify or terminate the trust by
directing that the trust property be applied or distributed, in whole or in
part, in a manner consistent with the settlor's charitable purposes or to the Legal Aid and Services Fund.
(b) Subsection (a) of this section does not apply if the document creating
the charitable interest expressly provides for an alternate disposition of
the charitable interest in the event the charitable purpose becomes unlawful,
impracticable, impossible to achieve, or wasteful. A general residuary disposition
by trust shall not be considered an express provision for an alternate disposition.
(c) This section shall not be deemed to limit application of the common
law doctrines of cy pres and deviation or section 58-615 .

Legislative History

Source: Laws 2003, LB 130, § 39; Laws 2010, LB758, § 4; Laws 2014, LB1089, § 2.