Hybrid purpose trusts valid.

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55-1-22. Hybrid purpose trusts valid.

A hybrid purpose trust which meets the description of a purpose trust in §§55-1-20 to 55-1-21.10, inclusive, also includes one or more beneficiaries is valid and may be performed.

Source: SL 2006, ch 247, §3; SL 2018, ch 275, §14.


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