Chapter 802c. Trusts
Section
45a-471* (Formerly Sec. 45-213c). Trustee to receive proceeds of pension, retirement, death benefit and profit-sharing plans.45a-472Trustee to receive proceeds of pension, retirement, death benefit and profit-sharing plans.45a-473(Formerly Sec. 45-83). Bonds of testamentary trustees.45a-474(Formerly Sec. 45-84). Vacancies in office of trustee.45a-475(Formerly Sec. 45-85). Filling of vacancy in town or county trusteeship. Duties of town's successor trustee.45a-476(Formerly Sec. 45-86). Legal title vests in trustee appointed to fill vacancy.45a-477(Formerly Sec. 45-90). Jurisdiction of Probate Court over trusts administered outside of this state.45a-478(Formerly Sec. 45-87). Appointment of trustee when person has disappeared. Trustee's rights and duties. Procedure if person reappears.45a-479(Formerly Sec. 45-92). Suspension of fiduciary powers during armed forces service.45a-480(Formerly Sec. 45-91). Income from property acquired by trustee by conveyance or foreclosure when mortgage formerly held by trustee.45a-481(Formerly Sec. 45-93). Distribution by testamentary trustee upon completion of trust.45a-482(Formerly Sec. 45-93a). Distribution of assets of inoperative trust.45a-483(Formerly Sec. 45-94). Settlement of trust estate when beneficiary has been absent seven years.45a-484(Formerly Sec. 45-79c). Termination of small trusts.45a-485Superior Court or Probate Court jurisdiction to reform instrument to ensure allowance of marital deduction.45a-486Termination of inter vivos trust when settlor or spouse is an applicant for or recipient of medical assistance.45a-487 to 45a-487fPowers of trustees who are trust beneficiaries. Beneficiary interests in trust matters: Definitions. Representation by holder of power of appointment. Representation by court-appointed conservator or guardian, agent, trustee, executor or administrator, or parent. Representation of minor, incapacitated or unborn individual or person whose identity or location is unknown. Appointment of guardian ad litem by court, when; powers. Notice and consent re representation and binding another person.45a-487g to 45a-487i45a-487g to 45a-487i45a-487jShort title: “Connecticut Qualified Dispositions in Trust Act”.45a-487kDefinitions.45a-487lAppointment of trust director by transferor.45a-487mQualified trustee; successor. Disposition to more than one trustee. Disposition by trustee who is not qualified.45a-487nIrrevocability of trust instrument.45a-487oNo retained interest of transferor.45a-487pAvoidance of qualified dispositions.45a-487qPersons not subject to qualified dispositions.45a-487rEffect of avoidance of qualified dispositions.45a-487sApplicability of sections 45a-487k to 45a-487r to qualified dispositions.45a-487tApplicability of rules.45a-488Division of trust for benefit of beneficiaries. Approval by beneficiaries required.45a-489Title and beneficial interest in property held in trust not merged nor trust invalidated, when.45a-489aTrust to provide for care of animal: Creation. Administration. Jurisdiction. Termination.45a-490Short title: Uniform Statutory Rule Against Perpetuities.45a-491Statutory rule against perpetuities.45a-492When nonvested property interest or power of appointment created.45a-493Reformation.45a-494Exclusions from statutory rule against perpetuities.45a-495Prospective application.45a-496Uniformity of application and construction.45a-497 to 45a-49945a-497 to 45a-49945a-499aShort title: Connecticut Uniform Trust Code.45a-499bScope.45a-499cDefinitions.45a-499dKnowledge.45a-499eDefault and mandatory rules.45a-499fCommon law of trusts; principles of equity.45a-499gGoverning law.45a-499hPrincipal place of administration.45a-499iMethods and waiver of notice.45a-499jOthers treated as qualified beneficiaries.45a-499kNonjudicial settlement agreements.45a-499lInsurable interest of trustee.45a-499mRole of court in administration of trust.45a-499nJurisdiction over trustee and beneficiary.45a-499oSubject matter jurisdiction of Probate Courts and the Superior Court.45a-499pVenue.45a-499qRepresentation: Basic effect.45a-499rRepresentation by holder of general testamentary power of appointment.45a-499sRepresentation by fiduciaries, parents and persons having substantially identical interests.45a-499tAppointment of representative.45a-499uDesignated representative.45a-499vMethods of creating trust.45a-499wRequirements for creation.45a-499xTrusts created in other jurisdictions.45a-499yTrust purposes.45a-499zCharitable purposes; enforcement; conversion to new entity.45a-499aaCreation of trust induced by fraud, duress or undue influence.45a-499bbEvidence of oral trust.45a-499ccNoncharitable trust without ascertainable beneficiary.45a-499ddModification or termination of trust; proceedings for approval or disapproval.45a-499eeModification or termination of noncharitable irrevocable trust by consent.45a-499ffModification or termination because of unanticipated circumstances or inability to administer trust effectively.45a-499ggCy pres.45a-499hhLimitation on court authority to apply cy pres.45a-499iiModification or termination of uneconomic trust.45a-499jjReformation of noncharitable trust to correct mistakes.45a-499kkModification to achieve settlor's tax objectives.45a-499llCombination and division of trusts.45a-499mmPersonal obligations of trustee.45a-499nnLimitations on beneficiary's creditor to attach or compel distribution of property.45a-499ooRevocation or amendment of revocable trust.45a-499ppSettlor's powers; powers of withdrawal.45a-499qqLimitation on action contesting validity of revocable trust; distribution of trust property.45a-499rrAccepting or declining trusteeship.45a-499ssTrustee's bond.45a-499ttCotrustees.45a-499uuVacancy in trusteeship; appointment of successor.45a-499vvResignation of trustee.45a-499wwRemoval of trustee.45a-499xxDelivery of property by former trustee.45a-499yyCompensation of trustee.45a-499zzReimbursement of expenses.45a-499aaaDuty to administer trust.45a-499bbbDuty of loyalty.45a-499cccImpartiality.45a-499dddPrudent administration.45a-499eeeDelegation by trustee.45a-499fffCreditor's claims against settlor.45a-499gggControl and protection of trust property.45a-499hhhRecordkeeping and identification of trust property.45a-499iiiEnforcement and defense of claims.45a-499jjjCollecting trust property.45a-499kkkTrustee's duty to inform and report.45a-499lllDiscretionary powers; tax savings.45a-499mmmGeneral powers of trustee.45a-499nnnSpecific powers of trustee.45a-499oooDistribution of trust property upon termination.45a-499pppBreach of trust.45a-499qqqDamages in absence of breach.45a-499rrrLimitation of action against trustee.45a-499sssReliance on trust instrument.45a-499tttEvent affecting administration or distribution.45a-499uuuExculpation of trustee.45a-499vvvBeneficiary's consent, release or ratification.45a-499wwwLimitation on personal liability of trustee.45a-499xxxInterest as general partner.45a-499yyyProtection of person dealing with trustee.45a-499zzzCertification of trust.45a-500Uniformity of application and construction of trust.45a-500aSeverability clause.45a-500bShort title: Connecticut Uniform Directed Trust Act.45a-500cApplication; principal place of administration.45a-500dCommon law and principles of equity.45a-500eExclusions.45a-500fPowers of trust director.45a-500gLimitations on trust director.45a-500hDuty and liability of trust director.45a-500iDuty and liability of directed trustee.45a-500jDuty to provide information to trust director or trustee.45a-500kNo duty to monitor, inform or advise.45a-500lApplication to cotrustee.45a-500mLimitation of action against trust director.45a-500nDefenses in action against trust director.45a-500oJurisdiction over trust director.45a-500pOffice of trust director.45a-500qUniformity of application and construction.45a-500rRelation to Electronic Signatures in Global and National Commerce Act.45a-500sApplication of Connecticut Uniform Directed Trust Act with respect to federal act.45a-50145a-50145a-502(Formerly Sec. 45-96a). “Majority” defined for trusts executed prior to October 1, 1972.45a-503(Formerly Sec. 45-95). Rule against perpetuities. “Second look” doctrine.45a-504(Formerly Sec. 45-96). Reduction of age contingency to preserve interest.45a-505(Formerly Sec. 45-97). Fee simple determinable or subject to right of entry to become absolute, when.45a-506(Formerly Sec. 45-98). Limitations not invalidated, when.45a-507(Formerly Sec. 45-99). Application of rule.45a-508(Formerly Sec. 45-100). Exemption of certain employees' trust funds from the rule against perpetuities.45a-509 to 45a-51345a-509 to 45a-51345a-514(Formerly Sec. 45-79). Charitable trusts.45a-515(Formerly Sec. 45-80). Charitable uses determined by trustee, when.45a-516(Formerly Sec. 45-81). Gifts to charitable community trust.45a-517(Formerly Sec. 45-82). Community trustees to render annual accounts. Hearing on adjustment and allowance.45a-51845a-51845a-519(Formerly Sec. 45-79a). Superior Court or Probate Court jurisdiction to reform instruments to federal tax requirements.45a-520(Formerly Sec. 45-79b). Termination of charitable trusts.45a-521Superior Court or Probate Court jurisdiction to reform charitable remainder unitrust re payment.45a-522 to 45a-52545a-522 to 45a-52545a-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.45a-529a and 45a-529bAccumulation of annual net income, standards. Exception and restriction on accumulation of annual net income; construction.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.45a-535Short title: Uniform Prudent Management of Institutional Funds Act.45a-535aDefinitions.45a-535bStandard of conduct in managing and investing institutional funds.45a-535cAppropriation for expenditure or accumulation of endowment fund. Factors in making a determination to appropriate or accumulate. Rules of construction.45a-535dDelegation of management and investment of institutional fund.45a-535eRelease or modification of restrictions contained in gift instrument on management, investment or purpose of institutional fund.45a-535fDetermination of compliance with act.45a-535gApplication to existing institutional funds.45a-535hRelation of act to Electronic Signatures in Global and National Commerce Act.45a-535iUniformity of application and construction of act.45a-536 to 45a-53945a-536 to 45a-53945a-540(Formerly Secs. 45-100a to 45-100c). Powers in trust instruments act.45a-541Short title: Connecticut Uniform Prudent Investor Act.45a-541aPrudent investor rule.45a-541bStandard of care. Portfolio strategy. Risk and return objectives.45a-541cDiversification.45a-541dDuties at inception of trusteeship.45a-541eLoyalty.45a-541fImpartiality.45a-541gInvestment costs.45a-541hReviewing compliance.45a-541iDelegation of investment and management functions.45a-541jLanguage invoking standards of act.45a-541kUniformity of application and construction.45a-541lApplicability.45a-542Short title: Connecticut Principal and Income Act.45a-542aDefinitions.45a-542bFiduciary duties.45a-542cTrustee's power to adjust.45a-542dDetermination and distribution of income interest of decedent's estate or in trust after trust ends.45a-542eDistribution to beneficiaries.45a-542fRight to income.45a-542gApportionment of receipts and disbursements when decedent dies or interest income begins.45a-542hApportionment when income interest ends.45a-542iCharacter of receipts.45a-542jDistribution from trust or estate.45a-542kBusiness and other activities conducted by trustee.45a-542lPrincipal receipts.45a-542mRental property.45a-542nObligation to pay money.45a-542oInsurance policies and similar contracts.45a-542pInsubstantial allocations not required.45a-542qDeferred compensation, annuities and similar payments. Separate funds.45a-542rLiquidating asset.45a-542sMinerals, water and other natural resources.45a-542tTimber.45a-542uProperty not productive of income.45a-542vDerivatives and options.45a-542wAsset-backed securities.45a-542xDisbursements from income.45a-542yDisbursements from principal.45a-542zTransfers from income to principal for depreciation.45a-542aaTransfers from income to reimburse principal.45a-542bbIncome taxes.45a-542ccAdjustments between principal and income as result of taxes.45a-542ddUniformity of application and construction.45a-542eeSeverability clause.45a-542ffApplication to existing trust or decedent's estate.45a-543Determination by court re abuse of discretion by fiduciary.45a-544 and 45a-54545a-544 and 45a-54545a-545aShort title: Connecticut Uniform Trust Decanting Act.45a-545bDefinitions.45a-545cScope.45a-545dFiduciary duty.45a-545eApplication; governing law.45a-545fReasonable reliance.45a-545gNotice; exercise of decanting power.45a-545hRepresentation.45a-545iCourt involvement.45a-545jFormalities.45a-545kDecanting power under expanded distributive discretion.45a-545lDecanting power under limited distributive discretion.45a-545mTrust for beneficiary with disability.45a-545nProtection of charitable interest. Responsibilities of Attorney General.45a-545oTrust limitation on decanting.45a-545pChange in compensation.45a-545qRelief from liability and indemnification.45a-545rRemoval or replacement of authorized fiduciary.45a-545sTax-related limitations.45a-545tDuration of second trust.45a-545uNeed to distribute not required.45a-545vSaving provision.45a-545wTrust for care of animal.45a-545xTerms of second trust.45a-545ySettlor.45a-545zLater-discovered property.45a-545aaObligations.45a-545bbUniformity of application and construction.45a-545ccRelation to Electronic Signatures in Global and National Commerce Act.