2023 Statutes Index

Securities used as collateral, 219.02

State bonds and notes, 219.04

Jurisdiction of court, 881.03

Private foundations, prohibited acts regarding investments, 181.0320

Prudent investor act, prudent person rule, 881.01

Applicability, 701.0901

Nonapplication to life insurance, 701.0903

Savings and loan accounts, 215.14 (6)

trusts_3. trustees 3. Trustees

Action on bond of, 878.07

Banks as trustees, see Financial Institutions—1. Banks and Banking; Financial Institutions—12. Trust Companies

Bond, 701.0702

Additional, reduction, 878.05

Premium allowed as expense, 112.08

Breach of trust:

Beneficiary's consent, release or ratification, 701.1009

Damages, 701.1002

In absence of breach, 701.1003

Events affection administration, lack of knowledge, 701.1007

Exculpation of trustee by trust terms, 701.1008

Limitation of actions against trustees, 701.1005

Reliance on trust instruments, 701.1006

Certification of trust, 701.1013

Compensation of trustee, 701.0708

Compromises between claimants, 879.59

Condemnation, power to convey, 32.15

Corporate fiduciaries, regulation, 223.105

Corporation or limited liability company, power to form, 857.27

Cotrustees, 701.0703

Digital property, disclosure to, 711.07

Duties:

Costs to be reasonable, 701.0805

Delegation of, 701.0807

Directed trust property, 701.0902

Enforcement and defense of claims, 701.0811

Exercise of skills, 701.0806

Good faith, 701.0801

Impartiality, 701.0803

Loyalty, 701.0802

Protection and control of property, 701.0809

Prudence, 701.0804

Record keeping, 701.0810

Reporting to beneficiaries, 701.0813

Successor trustee, collection of property, 701.0812

Estate tax, personal liability, 72.21

Expenses:

Reasonableness required, 701.0805

Reimbursement, 701.0709

Fiduciary law, Ch. 112

Income tax, see Taxation—8. Income and Franchise Tax

Institutional funds, uniform prudent management act, 112.11

Liability:

Breach of trust, see Breach of trust under this subhead

Damages in absence of breach, 701.1003

Events affection administration, lack of knowledge, 701.1007

Limitation of trustees personal liability, 701.1010

Trustee with interest as general partner, 701.1011

Persons dealing with trustees, protection of, 701.1012

Powers:

Discretionary powers, tax savings, 701.0814

Distribution upon termination, 701.0817

General powers, 701.0815

Marital deduction transfers, 701.0819

Presumed when not recorded, 706.08 (4)

Settlor's power to direct, 701.0808

Removal, 701.0706

Delivery of property by former trustee, 701.0707

Resignation, 701.0705

Spouses, dealing with, protection of, 766.575

Successor trustees, 701.0704

Duty to collect property, 701.0812

Liability for breach of trust, 701.1003

Suit in own name, 803.01 (2)

Testamentary:

Letters of trust, 856.29

Powers suspended during war service, 112.02

Termination, distribution, 701.0817

Theft by, 943.20

Trust companies as trustees, see Financial Institutions—12. Trust Companies

Trust property, titling in trustee's name, 701.0710

Trusteeship, accepting or declining, 701.0701

Vacancy, successor appointment, 701.0704

Vehicles, transfer of ownership, 342.17 (4)

tuberculosis TUBERCULOSIS

Human, see Diseases

Livestock, see Agriculture and Farming—3. Livestock

turnpike corporations TURNPIKE CORPORATIONS

Generally, Ch. 182

Acquisition of lands and interest, 182.35