736.0817 Distribution on termination.—Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed expeditiously to distribute the trust property to the persons entitled to the property, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses, and taxes. The provisions of this section are in addition to and are not in derogation of the rights of a trustee under the common law with respect to final distribution of a trust.
History.—s. 8, ch. 2006-217.
Section: Previous 736.0810 736.08105 736.0811 736.0812 736.08125 736.0813 736.08135 736.0814 736.08147 736.0815 736.0816 736.08163 736.08165 736.0817Last modified: September 23, 2016