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CHAPTER 55-9

CHARITABLE TRUSTS

55-9-1      Express trusts--Creation for charitable, educational, religious, or other public use.
55-9-2      Validity of trust not affected by uncertainty or violation of rule against perpetuities--Disposal of property by trustee.
55-9-3      Action to enforce charitable trust--Liberal construction to carry out intent--Notice of action to attorney general.
55-9-4      Incomplete or imperfect trust--Purposes impracticable or impossible of performance--Administration to accomplish general purpose--Order of court with consent of donor, if alive and competent.
55-9-5      Enforcement by attorney general as representative of beneficiaries--Exception.
55-9-6      Restrictions to avoid taxability of income--Definition of terms.
55-9-7      Restrictions deemed incorporated in instrument creating charitable trust or foundation.
55-9-8      Self-dealing by trustee prohibited.
55-9-9      Distributions required to avoid taxes.
55-9-10      Retention of excess business holdings prohibited.
55-9-11      Investments to jeopardize exempt purposes prohibited.
55-9-12      Taxable expenditures prohibited.
55-9-13      Judicial determination that restrictive provisions are contrary to instrument creating trust.
55-9-14      State supervisory powers unimpaired by restrictions to avoid taxability of income.


Back to Title 55