(a) (1) After notice to the qualified beneficiaries, a trustee may combine two (2) or more trusts into a single trust or divide a trust into two (2) or more separate trusts, if the result does not impair rights of any beneficiary or adversely affect achievement of the purposes of the trust.
(2) A trustee may exercise the authority granted in this section without court approval.
(b) This section does not repeal the Trustee Division of Trusts Act, ยง 28-69-701 et seq.
Section: Previous 28-73-404 28-73-405 28-73-406 28-73-407 28-73-408 28-73-409 28-73-410 28-73-411 28-73-412 28-73-413 28-73-414 28-73-415 28-73-416 28-73-417Last modified: November 15, 2016