2012 Connecticut General Statutes
Title 45a - Probate Courts and Procedure
Chapter 802c - Trusts
TRUSTS AND TRUSTEES IN GENERAL
- Section 45a-471 - * (Formerly Sec. 45-213c). Trustee to receive proceeds of pension, retirement, death benefit and profit-sharing plans.
- Section 45a-472 - Trustee to receive proceeds of pension, retirement, death benefit and profit-sharing plans.
- Section 45a-473 - (Formerly Sec. 45-83). Bonds of testamentary trustees.
- Section 45a-474 - (Formerly Sec. 45-84). Vacancies in office of trustee.
- Section 45a-475 - (Formerly Sec. 45-85). Filling of vacancy in town or county trusteeship. Duties of town’s successor trustee.
- Section 45a-476 - (Formerly Sec. 45-86). Legal title vests in trustee appointed to fill vacancy.
- Section 45a-477 - (Formerly Sec. 45-90). Foreign trustee’s custody of trust estate. Jurisdiction of Probate Court over trusts created by nondomiciliaries.
- Section 45a-478 - (Formerly Sec. 45-87). Appointment of trustee when person has disappeared. Trustee’s rights and duties. Procedure if person reappears.
- Section 45a-479 - (Formerly Sec. 45-92). Suspension of fiduciary powers during armed forces service.
- Section 45a-480 - (Formerly Sec. 45-91). Income from property acquired by trustee by conveyance or foreclosure when mortgage formerly held by trustee.
- Section 45a-481 - (Formerly Sec. 45-93). Distribution by testamentary trustee upon completion of trust.
- Section 45a-482 - (Formerly Sec. 45-93a). Distribution of assets of inoperative trust.
- Section 45a-483 - (Formerly Sec. 45-94). Settlement of trust estate when beneficiary has been absent seven years.
- Section 45a-484 - (Formerly Sec. 45-79c). Termination of small trusts.
- Section 45a-485 - Superior Court or Probate Court jurisdiction to reform instrument to ensure allowance of marital deduction. Qualified domestic trust.
- Section 45a-486 - Termination of inter vivos trust when settlor or spouse is an applicant for or recipient of medical assistance.
- Section 45a-487 - Powers of trustees who are trust beneficiaries.
- Section 45a-487a - Beneficiary interests in trust matters: Definitions.
- Section 45a-487b - Representation by holder of power of appointment.
- Section 45a-487c - Representation by court-appointed conservator or guardian, agent, trustee, executor or administrator, or parent.
- Section 45a-487d - Representation of minor, incapacitated or unborn individual or person whose identity or location is unknown.
- Section 45a-487e - Appointment of guardian ad litem by court, when. Powers.
- Section 45a-487f - Notice and consent re representation and binding another person.
- Section 45a-488 - Division of trust for benefit of beneficiaries. Approval by beneficiaries required.
- Section 45a-489 - Title and beneficial interest in property held in trust not merged nor trust invalidated, when.
- Section 45a-489a - Trust to provide for care of animal: Creation. Administration. Jurisdiction. Termination.
UNIFORM STATUTORY RULEAGAINST PERPETUITIES
- Section 45a-490 - Short title: Uniform Statutory Rule Against Perpetuities.
- Section 45a-491 - Statutory rule against perpetuities.
- Section 45a-492 - When nonvested property interest or power of appointment created.
- Section 45a-493 - Reformation.
- Section 45a-494 - Exclusions from statutory rule against perpetuities.
- Section 45a-495 - Prospective application.
- Section 45a-496 - Uniformity of application and construction.
- Section 45a-497 to 45a-501 - Reserved for future use.
CONSTRUCTION OF TRUSTS AND LIMITATIONSOF RULE AGAINST PERPETUITIES
- Section 45a-502 - (Formerly Sec. 45-96a). “Majority” defined for trusts executed prior to October 1, 1972.
- Section 45a-503 - (Formerly Sec. 45-95). Rule against perpetuities. “Second look” doctrine.
- Section 45a-504 - (Formerly Sec. 45-96). Reduction of age contingency to preserve interest.
- Section 45a-505 - (Formerly Sec. 45-97). Fee simple determinable or subject to right of entry to become absolute, when.
- Section 45a-506 - (Formerly Sec. 45-98). Limitations not invalidated, when.
- Section 45a-507 - (Formerly Sec. 45-99). Application of rule.
- Section 45a-508 - (Formerly Sec. 45-100). Exemption of certain employees’ trust funds from the rule against perpetuities.
- Section 45a-509 to 45a-513 - Reserved for future use.
- Section 45a-514 - (Formerly Sec. 45-79). Charitable trusts.
- Section 45a-515 - (Formerly Sec. 45-80). Charitable uses determined by trustee, when.
- Section 45a-516 - (Formerly Sec. 45-81). Gifts to charitable community trust.
- Section 45a-517 - (Formerly Sec. 45-82). Community trustees to render annual accounts. Hearing on adjustment and allowance.
- Section 45a-518 - Reserved for future use.
- Section 45a-519 - (Formerly Sec. 45-79a). Superior Court or Probate Court jurisdiction to reform instruments to federal tax requirements.
- Section 45a-520 - (Formerly Sec. 45-79b). Termination of charitable trusts.
- Section 45a-521 - Superior Court or Probate Court jurisdiction to reform charitable remainder unitrust re payment.
- Section 45a-522 to 45a-525 - Reserved for future use.
CONNECTICUT UNIFORM PRUDENT MANAGEMENTOF INSTITUTIONAL FUNDS ACT
- Section 45a-526 to 45a-529 - (Formerly Secs. 45-100h to 45-100k). Short title: Uniform Management of Institutional Funds Act. Definitions. Expenditure of net appreciation, standards. Exception and restriction on expenditure of net appreciation; construction.
- Section 45a-529a and 45a-529b - Accumulation of annual net income, standards. Exception and restriction on accumulation of annual net income; construction.
- Section 45a-530 to 45a-534 - (Formerly Secs. 45-100l to 45-100p). Investment of institutional funds. Delegation of powers of investment. Standards applicable to actions of governing board. Release of restriction in gift instrument: Written consent, court order; limitations; doctrine of cy pres applicable. Construction.
- Section 45a-535 - Short title: Uniform Prudent Management of Institutional Funds Act.
- Section 45a-535a - Definitions.
- Section 45a-535b - Standard of conduct in managing and investing institutional funds.
- Section 45a-535c - Appropriation for expenditure or accumulation of endowment fund. Factors in making a determination to appropriate or accumulate. Rules of construction.
- Section 45a-535d - Delegation of management and investment of institutional fund.
- Section 45a-535e - Release or modification of restrictions contained in gift instrument on management, investment or purpose of institutional fund.
- Section 45a-535f - Determination of compliance with act.
- Section 45a-535g - Application to existing institutional funds.
- Section 45a-535h - Relation of act to Electronic Signatures in Global and National Commerce Act.
- Section 45a-535i - Uniformity of application and construction of act.
- Section 45a-536 to 45a-539 - Reserved for future use.
POWERS IN TRUST INSTRUMENTS ACT
CONNECTICUT UNIFORM PRUDENT INVESTOR ACT
- Section 45a-541 - Short title: Connecticut Uniform Prudent Investor Act.
- Section 45a-541a - Prudent investor rule.
- Section 45a-541b - Standard of care. Portfolio strategy. Risk and return objectives.
- Section 45a-541c - Diversification.
- Section 45a-541d - Duties at inception of trusteeship.
- Section 45a-541e - Loyalty.
- Section 45a-541f - Impartiality.
- Section 45a-541g - Investment costs.
- Section 45a-541h - Reviewing compliance.
- Section 45a-541i - Delegation of investment and management functions.
- Section 45a-541j - Language invoking standards of act.
- Section 45a-541k - Uniformity of application and construction.
- Section 45a-541l - Applicability.
CONNECTICUT UNIFORM PRINCIPAL AND INCOME ACT
- Section 45a-542 - Short title: Connecticut Principal and Income Act.
- Section 45a-542a - Definitions.
- Section 45a-542b - Fiduciary duties.
- Section 45a-542c - Trustee’s power to adjust.
- Section 45a-542d - Determination and distribution of income interest of decedent’s estate or in trust after trust ends.
- Section 45a-542e - Distribution to beneficiaries.
- Section 45a-542f - Right to income.
- Section 45a-542g - Apportionment of receipts and disbursements when decedent dies or interest income begins.
- Section 45a-542h - Apportionment when income interest ends.
- Section 45a-542i - Character of receipts.
- Section 45a-542j - Distribution from trust or estate.
- Section 45a-542k - Business and other activities conducted by trustee.
- Section 45a-542l - Principal receipts.
- Section 45a-542m - Rental property.
- Section 45a-542n - Obligation to pay money.
- Section 45a-542o - Insurance policies and similar contracts.
- Section 45a-542p - Insubstantial allocations not required.
- Section 45a-542q - Deferred compensation, annuities and similar payments. Separate funds.
- Section 45a-542r - Liquidating asset.
- Section 45a-542s - Minerals, water and other natural resources.
- Section 45a-542t - Timber.
- Section 45a-542u - Property not productive of income.
- Section 45a-542v - Derivatives and options.
- Section 45a-542w - Asset-backed securities.
- Section 45a-542x - Disbursements from income.
- Section 45a-542y - Disbursements from principal.
- Section 45a-542z - Transfers from income to principal for depreciation.
- Section 45a-542aa - Transfers from income to reimburse principal.
- Section 45a-542bb - Income taxes.
- Section 45a-542cc - Adjustments between principal and income as result of taxes.
- Section 45a-542dd - Uniformity of application and construction.
- Section 45a-542ee - Severability clause.
- Section 45a-542ff - Application to existing trust or decedent’s estate.
- Section 45a-543 - Determination by court re abuse of discretion by fiduciary.
- Section 45a-544 and 45a-545 - Reserved for future use.
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