2016 Missouri Revised Statutes
TITLE XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY (456-475)
Chapter 456 Trusts and Trustees--The Uniform Trust Code

• Chapter Cross References

GENERALLY

• Section 456.001 Bequests or transfer to spouse, valuation of.
• Section 456.003 Absence of active duties not to curtail powers of trustee.
• Section 456.005 Life insurance trusts.
• Section 456.007 Lessor, trustee of deposits by lessee, when--exception.
• Section 456.009 Lessor liable for double amount of deposit so held in trust, when.
• Section 456.011 Trusts for benefit of employees or self-employed persons--perpetuities--suspension of alienation.
• Section 456.013 Trusts for benefit of employees or self-employed persons--accumulation.
• Section 456.014 Trust for benefit of employees--spendthrift trust, when--exempt from certain attachments, exception.
• Section 456.015 (Transferred 2004; now 456.001)
• Section 456.017 Applicability of sections 456.011, 456.013, and 456.014.
• Section 456.019 Trustees of private foundations, charitable trusts or split-interest trusts, certain acts prohibited.
• Section 456.020 (Transferred 2004; now 456.003)
• Section 456.021 Addition to trusts.
• Section 456.023 (Repealed L. 2016 H.B. 1765 § A)
• Section 456.025 Inapplicability of the rule against perpetuities--rule prohibiting unreasonable restraints or suspension of power of alienation not violated, when--rule against accumulations not applicable, when.

REGISTRATION OF TRUSTS

• Section 456.027 Registration of trust.
• Section 456.029 Registration procedure.
• Section 456.030 (Transferred 2004; now 456.005)
• Section 456.031 Records and certified copies.
• Section 456.033 Effect of registration.

TRUSTEE'S POWERS, DUTIES AND LIABILITIES

• Section 456.035 Evidence as to death or status--five-year absence presumption of death.
• Section 456.037 Trust property--when deemed unclaimed.
• Section 456.039 Procedure by trustee with respect to unclaimed property.
• Section 456.040 (Transferred 2004; now 456.007)
• Section 456.041 Unclaimed property--liability of trustee.
• Section 456.050 (Transferred 2004; now 456.009)
• Section 456.060 (Transferred 2004; now 456.011)
• Section 456.070 (Transferred 2004; now 456.013)
• Section 456.072 (Transferred 2004; now 456.014)
• Section 456.075 (Transferred 2004; now 456.017)
• Section 456.230 (Transferred 2004; now 456.019)
• Section 456.232 (Transferred 2004; now 456.021)
• Section 456.235 (Transferred 2004; now 456.023)
• Section 456.236 (Transferred 2004; now 456.025)

UNIFORM FIDUCIARIES LAW

• Section 456.240 (Transferred 2004; now 469.240)
• Section 456.250 (Transferred 2004; now 469.250)
• Section 456.260 (Transferred 2004; now 469.260)
• Section 456.270 (Transferred 2004; now 469.270)
• Section 456.280 (Transferred 2004; now 469.280)
• Section 456.290 (Transferred 2004; now 469.290)
• Section 456.300 (Transferred 2004; now 469.300)
• Section 456.310 (Transferred 2004; now 469.310)
• Section 456.320 (Transferred 2004; now 469.320)
• Section 456.330 (Transferred 2004; now 469.330)
• Section 456.340 (Transferred 2004; now 469.340)
• Section 456.350 (Transferred 2004; now 469.350)

REGISTRATION OF TRUSTS

• Section 456.400 (Transferred 2004; now 456.027)
• Section 456.410 (Transferred 2004; now 456.029)
• Section 456.420 (Transferred 2004; now 456.031)
• Section 456.430 (Transferred 2004; now 456.033)
• Section 456.590 (Repealed L. 2016 H.B. 1765 § A)
• Section 456.620 (Transferred 2004; now 456.035)
• Section 456.640 (Transferred 2004; now 456.037)
• Section 456.650 (Transferred 2004; now 456.039)
• Section 456.660 (Transferred 2004; now 456.041)

PRUDENT INVESTOR ACT

• Section 456.900 (Transferred 2004; now 469.900)
• Section 456.901 (Transferred 2004; now 469.901)
• Section 456.902 (Transferred 2004; now 469.902)
• Section 456.903 (Transferred 2004; now 469.903)
• Section 456.904 (Transferred 2004; now 469.904)
• Section 456.905 (Transferred 2004; now 469.905)
• Section 456.906 (Transferred 2004; now 469.906)
• Section 456.907 (Transferred 2004; now 469.907)
• Section 456.908 (Transferred 2004; now 469.908)
• Section 456.909 (Transferred 2004; now 469.909)
• Section 456.910 (Transferred 2004; now 469.910)
• Section 456.911 (Transferred 2004; now 469.911)
• Section 456.912 (Transferred 2004; now 469.912)
• Section 456.913 (Transferred 2004; now 469.913)

QUALIFIED SPOUSAL TRUST

• Section 456.950 Definition--property and interests in property, immunity from claims, when--death of settlor, effect of--marital property rights, not affected by transfer--applicability.

MISSOURI UNIFORM POWERS OF APPOINTMENT

• Section 456.970 Short title.
• Section 456.975 Definitions.
• Section 456.980 Governing law--common law and principles of equity.
• Section 456.985 Act to govern powers--exceptions.
• Section 456.990 Creation of power of appointment.
• Section 456.995 Nontransferrability.
• Section 456.1000 Presumption of unlimited authority--exception to presumption of unlimited authority.
• Section 456.1005 Rules of classification.
• Section 456.1010 Power to revoke or amend.
• Section 456.1015 Requisites for exercise of power of appointment.
• Section 456.1020 Intent to exercise--determining intent from residuary clause.
• Section 456.1025 Intent to exercise--after-acquired power.
• Section 456.1030 Substantial compliance with donor-imposed formal requirement.
• Section 456.1035 Permissible appointment.
• Section 456.1040 Appointment to deceased appointee or permissible appointee's descendant.
• Section 456.1045 Impermissible appointment.
• Section 456.1050 Selective allocation doctrine.
• Section 456.1055 Capture doctrine--disposition of ineffectively appointed property under general power.
• Section 456.1060 Disposition of unappointed property under released or unexercised general power.
• Section 456.1065 Disposition of unappointed property under released or unexercised nongeneral power.
• Section 456.1070 Disposition of unappointed property if partial appointment to taker in deafult--appointment to taker in default.
• Section 456.1075 Powerholder's authority to revoke or amend exercise.
• Section 456.1080 Disclaimer.
• Section 456.1085 Authority to release--method of release--revocation or amendment of release.
• Section 456.1090 Power to contract--presently exercisable power of appointment--power of appointment not presently exercisable.
• Section 456.1095 Remedy for breach of contract to appoint or not to appoint.
• Section 456.1100 Creditor claim--general power created by powerholder.
• Section 456.1105 Creditor claim--general power not created by powerholder.
• Section 456.1110 Power to withdraw.
• Section 456.1115 Creditor claim--nongeneral power.
• Section 456.1120 Act not to limit ability to reach a beneficial interest under Missouri Uniform Trust Code.
• Section 456.1125 Uniformity of application and construction.
• Section 456.1130 Relation to Electronic Signatures in Global and National Commerce Act.
• Section 456.1135 Application to existing relationships.

MISSOURI UNIFORM TRUST CODE ARTICLE 1. GENERAL PROVISIONS AND DEFINITIONS

• Section 456.1-101 Short title.
• Section 456.1-102 Scope.
• Section 456.1-103 Definitions.
• Section 456.1-104 Knowledge.
• Section 456.1-105 Default and mandatory rules.
• Section 456.1-106 Common law of trusts--principles of equity.
• Section 456.1-107 Governing law.
• Section 456.1-108 Principal place of administration.
• Section 456.1-109 Methods and waiver of notice.
• Section 456.1-110 Others treated as qualified beneficiaries.
• Section 456.1-111 Nonjudicial settlement agreements.
• Section 456.1-112 Rules of construction--inapplicable to certain trusts.
• Section 456.1-113 Transfer of assets to trust subjects assets to terms of the trust.

ARTICLE 2. JUDICIAL PROCEEDINGS

• Section 456.2-201 Role of court in administration of trust.
• Section 456.2-202 Jurisdiction over trustee and beneficiary.
• Section 456.2-204 Venue.
• Section 456.2-205 Enforceability of mediation or arbitration provisions.

ARTICLE 3. REPRESENTATION

• Section 456.3-301 Representation, basic effect--prohibited, when.
• Section 456.3-302 Representation by holder of general testamentary power of appointment.
• Section 456.3-303 Representation by fiduciaries and parents.
• Section 456.3-304 Representation by person having substantially identical interest.
• Section 456.3-305 Appointment of representative.

ARTICLE 4. CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUST

• Section 456.4-401 Methods of creating trust.
• Section 456.4-402 Requirements for creation.
• Section 456.4-403 Trusts created in other jurisdictions.
• Section 456.4-404 Trust purposes.
• Section 456.4-405 Charitable purposes--enforcement.
• Section 456.4-406 Creation of trust induced by fraud, duress, or undue influence.
• Section 456.4-407 Evidence of oral trust.
• Section 456.4-408 Trust for care of animal.
• Section 456.4-409 Noncharitable trust without ascertainable beneficiary.
• Section 456.4-410 Modification or termination of trust--proceedings for approval or disapproval.
• Section 456.4-412 Modification or termination because of unanticipated circumstances or inability to administer trust effectively.
• Section 456.4-413 Cy pres.
• Section 456.4-414 Modification or termination of uneconomic trust.
• Section 456.4-415 Reformation to correct mistakes.
• Section 456.4-416 Modification to achieve settlor's tax objectives.
• Section 456.4-417 Combination and division of trusts.
• Section 456.4-418 Distribution of trust income or principal to qualified remainder beneficiary, when--applicability to irrevocable trust, when.
• Section 456.4-419 Distributions of income and principal of first trusts and second trusts, discretionary power of trustee--notice requirements.
• Section 456.4-420 No-contest clause, claims for relief.
• Section 456.4A-411 Modification or termination of noncharitable irrevocable trust by consent, exceptions.
• Section 456.4B-411 Modification or termination of noncharitable irrevocable trust by consent--applicability.

ARTICLE 5. CREDITOR'S CLAIMS--SPENDTHRIFT AND DISCRETIONARY TRUSTS

• Section 456.5-501 Rights of beneficiary's creditor or assignee, exceptions.
• Section 456.5-502 Spendthrift provision.
• Section 456.5-503 Exceptions to spendthrift provision.
• Section 456.5-504 Discretionary trusts, interest not enforceable, when--applicability--effect of standard.
• Section 456.5-505 Creditor's claim against settlor.
• Section 456.5-506 Mandatory distribution defined--overdue distribution.
• Section 456.5-507 Personal obligations of trustee.
• Section 456.5-508 Creditor claim, appointive property not subject to, when.

ARTICLE 6. REVOCABLE TRUSTS

• Section 456.6-601 Capacity of settlor of revocable trust.
• Section 456.6-602 Revocation or amendment of revocable trust.
• Section 456.6-603 Settlor's powers--powers of withdrawal.
• Section 456.6-604 Limitation on action contesting validity of revocable trust--distribution of trust property.

ARTICLE 7. OFFICE OF TRUSTEE

• Section 456.7-701 Accepting of declining trusteeship.
• Section 456.7-702 Trustee's bond.
• Section 456.7-703 Cotrustees.
• Section 456.7-704 Vacancy in trusteeship--appointment of successor.
• Section 456.7-705 Resignation of trustee.
• Section 456.7-706 Removal of trustee.
• Section 456.7-707 Delivery of property by former trustee.
• Section 456.7-708 Compensation of trustee.
• Section 456.7-709 Reimbursement of expenses.

ARTICLE 8. DUTIES AND POWERS OF TRUSTEE

• Section 456.8-801 Duty to administer trust.
• Section 456.8-802 Duty of loyalty.
• Section 456.8-803 Impartiality.
• Section 456.8-804 Prudent administration.
• Section 456.8-805 Costs of administration.
• Section 456.8-806 Trustee's skills.
• Section 456.8-807 Delegation by trustee.
• Section 456.8-808 Powers to direct--appointment of trust protector, powers, limitations.
• Section 456.8-809 Control and protection of trust property.
• Section 456.8-810 Record keeping and identification of trust property.
• Section 456.8-811 Enforcement and defense of claims.
• Section 456.8-812 Collecting trust property.
• Section 456.8-813 Duty to inform and report--inapplicable, when.
• Section 456.8-814 Discretionary powers--tax savings.
• Section 456.8-815 General powers of trustee.
• Section 456.8-816 Specific powers of trustee.
• Section 456.8-817 Distribution upon termination.

ARTICLE 10. LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH TRUSTEE

• Section 456.10-1001 Remedies for breach of trust.
• Section 456.10-1002 Damages for breach of trust.
• Section 456.10-1003 Damages in absence of breach.
• Section 456.10-1004 Attorney's fees and costs.
• Section 456.10-1005 Limitation of action against trustee.
• Section 456.10-1006 Reliance on trust instrument.
• Section 456.10-1007 Event affecting administration or distribution.
• Section 456.10-1008 Exculpation of trustee.
• Section 456.10-1009 Beneficiary's consent, release, or ratification.
• Section 456.10-1010 Limitation on personal liability of trustee.
• Section 456.10-1011 Interest as general partner.
• Section 456.10-1012 Protection of person dealing with trustee.
• Section 456.10-1013 Certification of trust.

ARTICLE 11. MISCELLANEOUS PROVISIONS

• Section 456.11-1101 Uniformity of application and construction.
• Section 456.11-1102 Electronic records and signatures.
• Section 456.11-1103 Severability clause.
• Section 456.11-1104 Effective date.
• Section 456.11-1106 Application to existing relationships.