ARTICLE 7

TRUSTS

PART 1. RULES GOVERNING TRUSTS
Section 7-1.1 When trust interests not to merge.

7-1.2 Trustee of passive trust not to take.

7-1.3 Purchase-money resulting trust abolished.

7-1.4 Purposes for which trust may be created.

7-1.5 When trust interest inalienable; exception.

7-1.6 Application of principal to income beneficiary.

7-1.7 Interest remaining in creator of trust.

7-1.8 Duration of trust for benefit of creditors.

7-1.9 Revocation of trusts.

7-1.10 Provision by non-domiciliary creator as to law to govern

trust.

7-1.11 Application of principal to creator of trust as

reimbursement for taxes.

7-1.12 Supplemental needs trusts established for persons with

severe and chronic or persistent disabilities.

7-1.13 Division of trusts and establishment of separate trusts.

7-1.14 Who may make a lifetime trust.

7-1.15 What property may be disposed of by lifetime trust.

7-1.16 Revocation of lifetime trust by will.

7-1.17 Execution, amendment and revocation of lifetime trusts.

7-1.18 Funding of lifetime trust.

7-1.19 Application for termination of uneconomical trust.

PART 2. RULES GOVERNING TRUSTEES
Section 7-2.1 Extent of trustee's estate.

7-2.2 When estate of trustee ceases.

7-2.3 Trust estate not to descend on death of trustee;

appointment, duties and rights of successor trustee.

7-2.4 Act of trustee in contravention of trust.

7-2.5 Suspension of powers of trustee in war service.

7-2.6 Resignation, suspension or removal of trustee.

7-2.7 Accounting by trustee in supreme court.

7-2.8 Commissions of trustee to sell real property for benefit

of creditors.

PART 3. RIGHTS OF PURCHASERS, CREDITORS AND OTHER PERSONS
Section 7-3.1 Disposition in trust for creator void as against

creditors.

7-3.2 Bona fide purchasers and creditors protected.

7-3.3 Person paying money to the trustee protected.

7-3.4 Excess income from trust property subject to creditors'

claims.

7-3.5 Rights of creditors to obtain information concerning

beneficiaries.

PART 5. BANK ACCOUNTS IN TRUST FORM
Section 7-5.1 Definitions.

7-5.2 Terms of a trust account.

7-5.3 Payment to beneficiary.

7-5.4 Effect of payment.

7-5.5 Rights not affected.

7-5.6 Joint depositors.

7-5.7 Multiple beneficiaries.

7-5.8 Application.

PART 6.

UNIFORM TRANSFERS TO MINORS ACT.
Section 7-6.1 Definitions.

7-6.2 Scope and jurisdiction.

7-6.3 Nomination of custodian.

7-6.4 Transfer by gift or exercise of power of appointment.

7-6.5 Transfer authorized by will or trust.

7-6.6 Other transfer by fiduciary.

7-6.7 Transfer by obligor.

7-6.8 Receipt for custodial property.

7-6.9 Manner of creating custodial property and effecting

transfer; designation of initial custodian; control.

7-6.10 Single custodianship.

7-6.11 Validity and effect of transfer.

7-6.12 Care of custodial property.

7-6.13 Powers of custodian.

7-6.14 Use of custodial property.

7-6.15 Custodian's expenses, compensation and bond.

7-6.16 Exemption of third person from liability.

7-6.17 Liability to third persons.

7-6.18 Renunciation, resignation, death or removal of custodian;

designation of successor custodian.

7-6.19 Accounting by and determination of liability of

custodian.

7-6.20 Termination of custodianship.

7-6.21 Age eighteen election.

7-6.22 Effect on existing custodianships.

7-6.23 Applicability.

7-6.24 Uniformity of application and construction.

7-6.25 Short title.

7-6.26 Severability.

PART 7. CHILD PERFORMER TRUST ACCOUNT
Section 7-7.1 Child performer trust account.

PART 8. HONORARY TRUSTS FOR PETS
Section 7-8.1 Trusts for pets.