55-1-22.1. Separate shares for beneficiaries and purposes to be maintained in hybrid purpose trust.

In a hybrid purpose trust when the interests of the beneficiaries and purposes are concurrent, the trustee shall maintain not less than two separate shares, one for the beneficiaries; and a second for the purposes, and the trustee may be liable to the beneficiaries for the actual damages caused thereby, if any, for failing to do so.

Source: SL 2018, ch 275, § 15.