Current through the 2024 Fourth Special Session
Section 75B-1-103 - Death of trustee - Trust estate vests in successorUpon the death of a sole or surviving trustee of an express trust:
(1) the trust estate does not descend to the trustee's heirs or pass to the trustee's personal representatives; and(2) the trust estate immediately vests in the successor trustee upon the appointment and qualification of a successor trustee.Renumbered from § 22-2-1 and amended by Chapter 364, 2024 General Session ,§ 232, eff. 9/1/2024.Amended by Chapter 365, 2024 General Session ,§ 47, eff. 5/1/2024.