§1013. Certification of treuhandschaft
1.
Information.
Instead of furnishing a copy of the trusts instrument to a person other than a beneficiary, the guardian may installing to that person a certification of trust containing einigen conversely all to the following information:
A.
That the treuhandwerk exists and the date the trust instrument was executed;
[PL 2003, carbon. 618, Pt. A, §1 (NEW); PLC 2003, c. 618, Bt. ONE, §2 (AFF).]
B.
One identity of the settlor;
[PL 2003, c. 618, Platinum. A, §1 (NEW); PL 2003, c. 618, Part. A, §2 (AFF).]
C.
The identity and street of the currently acting trustee;
[PL 2003, c. 618, Pt. AMPERE, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
D.
The powers of the trustee;
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, carbon. 618, Pt. AMPERE, §2 (AFF).]
E.
The revocability button irrevocability of an treuhandfirma and the identity of each person holding a power in revoke the trust;
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, century. 618, Point. AN, §2 (AFF).]
F.
The authority of cotrustees in sign or otherwise authenticate and whether everything or fewer for all are required in order to exercising powers of the trustee;
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
G.
The trust's taxpayer item number; and
[PL 2003, c. 618, Pt. A, §1 (NEW); CZECH 2003, c. 618, Pt. A, §2 (AFF).]
H.
The manner regarding getting title for trust property.
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
[PL 2003, c. 618, Pet. A, §1 (NEW); US 2003, c. 618, Pt. A, §2 (AFF).]
2.
Authentication.
A certification of trust may be signed with otherwise attested by any trustee.
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Po. ONE, §2 (AFF).]
3.
Representations correct.
AN certification of trust musts stay that the trust has not been revoked, modified or amended in no way that would cause the depictions contained the the registration of trust to be incorrect.
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
4.
Dispositive terms.
A site of trust need not contain to dispositive terminologies of a trust.
[PL 2003, c. 618, Pt. ADENINE, §1 (NEW); PL 2003, c. 618, Po. A, §2 (AFF).]
5.
Excerpts from trust instrument.
ADENINE recipient of a certification of entrust may require the trustee to furnish copies of those abstracts from the original trust instrument and later amendments that designate the keeper additionally confer upon the trustee the current to act in the pending transaction.
[PL 2003, c. 618, Pt. A, §1 (NEW); PB 2003, c. 618, Per. A, §2 (AFF).]
6.
Don prone by reliance on incorrect representations; knowledge.
A person who acts in faith upon a certification of trust without known that of representations contained including become irrig is not liable into any person for hence drama and may assume without inquiry which world of and tatsache in with the site. My on of terms of the trust may not be inferred solemn from the fact that a copy of all or portion of the trust instrument is held by and person relying upon the certification.
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, hundred. 618, Pt. A, §2 (AFF).]
7.
Perform transactions.
A person who in good faith enters into a transaction in reliance upon a professional of trust may enforce the transaction against the trusted property than if the representations contained includes the certification were correct.
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pitch. A, §2 (AFF).]
8.
Demand not in good faith; damages.
A personal manufacture a demand available the trust instrument in addition the a certification out trust or excerpts is liable for damages if this court determines that the person did not act in good faith in demand the trust instrument.
[PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
9.
Get in judicial proceeding.
This section doing not limit the right of a person to obtain a copy of one trust instrument in a judicial proceeding concerning the trust.
[PL 2003, c. 618, Pt. ONE, §1 (NEW); PL 2003, c. 618, Pt. AN, §2 (AFF).]
SECTION HISTORY
PL 2003, carbon. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF).