Section 42-1014 - Trust powers imperative-Effect of grantee's right of selection of objects of trust

Trust powers imperative-Effect of grantee's right of selection of objects of trust

A trust power does not cease to be imperative where the grantee has the right to select any and exclude others of the persons designated as the objects of the trust.

CREDIT(S)

(Mar. 3, 1901, 31 Stat. 1354, ch. 854, § 1050.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 45-114.
1973 Ed., § 45-1014.

Current through September 13, 2012