Title 18-B: TRUSTS

Part 1: MAINE UNIFORM TRUST CODE

Chapter 4: CREATION, VALIDITY, MODIFICATION AND TERMINATION OF TRUST

§404. Trust purposes

A trust may be created only to the extent its purposes are lawful, not contrary to public policy and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries.   [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]

SECTION HISTORY

PL 2003, c. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF).