Missouri Revised Statutes

Chapter 456
Trusts and Trustees--The Uniform Trust Code

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Rsmo Number Section Description
Chapter Cross Reference
Bank and trust companies may transfer fiduciary obligations to another bank or trust company, procedure, 362.332
Bank and trust companies serving as trustees, investment and reinvestment of assets, power, authorized fees, 362.550
Bank and trust companies serving in fiduciary capacity may transfer fiduciary capacity to affiliate, procedure, objections to transfer, procedure, 362.331
Bank deposits in trust, paid to or on order of trustee, 362.475, 362.480
Bi-state development agency, bonds of, investment in authorized, 70.377
Cemeteries, property may be placed in trust for benefit of, 214.140
Common trust funds of corporate fiduciaries, 362.580
Corporations, formation of to execute charitable trusts, 352.030
Federal farm loan bonds, trustees may invest funds in, 362.175
Gifts to public schools, state as trustee, 166.091
Limited liability companies, Chap. 347
Principal and income act, 469.401 to 469.467
Reciprocal corporate fiduciary law, 362.600
Savings accounts in insured savings and loan associations, investment in authorized, 369.194
Trustee directed by court to convey railroad right-of-way, when, 388.390
Trustees, compensation of under trust deeds, 443.360, 443.370
Trustees, profits on legal advertisements connected with trusteeship prohibited, 493.130, 493.140
Trusts, declaration of rights, who may obtain, 527.040
Uniform act for simplification of fiduciary transfers, Chap. 403
Urban redevelopment corporation bonds, trustees may invest in, 353.150
Urban redevelopment corporation, transfer of property to by trustee, 353.120
   
GENERALLY
456.001. Bequests or transfer to spouse, valuation of.
456.003. Absence of active duties not to curtail powers of trustee.
456.005. Life insurance trusts.
456.007. Lessor, trustee of deposits by lessee, when--exception.
456.009. Lessor liable for double amount of deposit so held in trust, when.
456.011. Trusts for benefit of employees or self-employed persons--perpetuities--suspension of alienation.
456.013. Trusts for benefit of employees or self-employed persons--accumulation.
456.014. Trust for benefit of employees--spendthrift trust, when--exempt from certain attachments, exception.
456.015. (Transferred 2004; now 456.001)
456.017. Applicability of sections 456.011, 456.013, and 456.014.
456.019. Trustees of private foundations, charitable trusts or split-interest trusts, certain acts prohibited.
456.020. (Transferred 2004; now 456.003)
456.021. Addition to trusts.
456.023. (Repealed L. 2016 H.B. 1765 § A)
456.025. Inapplicability of the rule against perpetuities--rule prohibiting unreasonable restraints or suspension of power of alienation not violated, when--rule against accumulations not applicable, when.
   
REGISTRATION OF TRUSTS
456.027. Registration of trust.
456.029. Registration procedure.
456.030. (Transferred 2004; now 456.005)
456.031. Records and certified copies.
456.033. Effect of registration.
   
TRUSTEE'S POWERS, DUTIES AND LIABILITIES
456.035. Evidence as to death or status--five-year absence presumption of death.
456.037. Trust property--when deemed unclaimed.
456.039. Procedure by trustee with respect to unclaimed property.
456.040. (Transferred 2004; now 456.007)
456.041. Unclaimed property--liability of trustee.
456.050. (Transferred 2004; now 456.009)
456.060. (Transferred 2004; now 456.011)
456.070. (Transferred 2004; now 456.013)
456.072. (Transferred 2004; now 456.014)
456.075. (Transferred 2004; now 456.017)
456.230. (Transferred 2004; now 456.019)
456.232. (Transferred 2004; now 456.021)
456.235. (Transferred 2004; now 456.023)
456.236. (Transferred 2004; now 456.025)
   
UNIFORM FIDUCIARIES LAW
456.240. (Transferred 2004; now 469.240)
456.250. (Transferred 2004; now 469.250)
456.260. (Transferred 2004; now 469.260)
456.270. (Transferred 2004; now 469.270)
456.280. (Transferred 2004; now 469.280)
456.290. (Transferred 2004; now 469.290)
456.300. (Transferred 2004; now 469.300)
456.310. (Transferred 2004; now 469.310)
456.320. (Transferred 2004; now 469.320)
456.330. (Transferred 2004; now 469.330)
456.340. (Transferred 2004; now 469.340)
456.350. (Transferred 2004; now 469.350)
   
REGISTRATION OF TRUSTS
456.400. (Transferred 2004; now 456.027)
456.410. (Transferred 2004; now 456.029)
456.420. (Transferred 2004; now 456.031)
456.430. (Transferred 2004; now 456.033)
456.590. (Repealed L. 2016 H.B. 1765 § A)
456.620. (Transferred 2004; now 456.035)
456.640. (Transferred 2004; now 456.037)
456.650. (Transferred 2004; now 456.039)
456.660. (Transferred 2004; now 456.041)
   
PRUDENT INVESTOR ACT
456.900. (Transferred 2004; now 469.900)
456.901. (Transferred 2004; now 469.901)
456.902. (Transferred 2004; now 469.902)
456.903. (Transferred 2004; now 469.903)
456.904. (Transferred 2004; now 469.904)
456.905. (Transferred 2004; now 469.905)
456.906. (Transferred 2004; now 469.906)
456.907. (Transferred 2004; now 469.907)
456.908. (Transferred 2004; now 469.908)
456.909. (Transferred 2004; now 469.909)
456.910. (Transferred 2004; now 469.910)
456.911. (Transferred 2004; now 469.911)
456.912. (Transferred 2004; now 469.912)
456.913. (Transferred 2004; now 469.913)
   
QUALIFIED SPOUSAL TRUST
456.950. Definition--property and interests in property, immunity from claims, when--death of settlor, effect of--marital property rights, not affected by transfer--applicability.
   
MISSOURI UNIFORM POWERS OF APPOINTMENT
456.970. Short title.
456.975. Definitions.
456.980. Governing law--common law and principles of equity.
456.985. Act to govern powers--exceptions.
456.990. Creation of power of appointment.
456.995. Nontransferrability.
456.1000. Presumption of unlimited authority--exception to presumption of unlimited authority.
456.1005. Rules of classification.
456.1010. Power to revoke or amend.
456.1015. Requisites for exercise of power of appointment.
456.1020. Intent to exercise--determining intent from residuary clause.
456.1025. Intent to exercise--after-acquired power.
456.1030. Substantial compliance with donor-imposed formal requirement.
456.1035. Permissible appointment.
456.1040. Appointment to deceased appointee or permissible appointee's descendant.
456.1045. Impermissible appointment.
456.1050. Selective allocation doctrine.
456.1055. Capture doctrine--disposition of ineffectively appointed property under general power.
456.1060. Disposition of unappointed property under released or unexercised general power.
456.1065. Disposition of unappointed property under released or unexercised nongeneral power.
456.1070. Disposition of unappointed property if partial appointment to taker in deafult--appointment to taker in default.
456.1075. Powerholder's authority to revoke or amend exercise.
456.1080. Disclaimer.
456.1085. Authority to release--method of release--revocation or amendment of release.
456.1090. Power to contract--presently exercisable power of appointment--power of appointment not presently exercisable.
456.1095. Remedy for breach of contract to appoint or not to appoint.
456.1100. Creditor claim--general power created by powerholder.
456.1105. Creditor claim--general power not created by powerholder.
456.1110. Power to withdraw.
456.1115. Creditor claim--nongeneral power.
456.1120. Act not to limit ability to reach a beneficial interest under Missouri Uniform Trust Code.
456.1125. Uniformity of application and construction.
456.1130. Relation to Electronic Signatures in Global and National Commerce Act.
456.1135. Application to existing relationships.
   
MISSOURI UNIFORM TRUST CODE ARTICLE 1. GENERAL PROVISIONS AND DEFINITIONS
456.1-101. Short title.
456.1-102. Scope.
456.1-103. Definitions.
456.1-104. Knowledge.
456.1-105. Default and mandatory rules.
456.1-106. Common law of trusts--principles of equity.
456.1-107. Governing law.
456.1-108. Principal place of administration.
456.1-109. Methods and waiver of notice.
456.1-110. Others treated as qualified beneficiaries.
456.1-111. Nonjudicial settlement agreements.
456.1-112. Rules of construction--inapplicable to certain trusts.
456.1-113. Transfer of assets to trust subjects assets to terms of the trust.
   
ARTICLE 2. JUDICIAL PROCEEDINGS
456.2-201. Role of court in administration of trust.
456.2-202. Jurisdiction over trustee and beneficiary.
456.2-204. Venue.
456.2-205. Enforceability of mediation or arbitration provisions.
   
ARTICLE 3. REPRESENTATION
456.3-301. Representation, basic effect--prohibited, when.
456.3-302. Representation by holder of general testamentary power of appointment.
456.3-303. Representation by fiduciaries and parents.
456.3-304. Representation by person having substantially identical interest.
456.3-305. Appointment of representative.
   
ARTICLE 4. CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUST
456.4-401. Methods of creating trust.
456.4-402. Requirements for creation.
456.4-403. Trusts created in other jurisdictions.
456.4-404. Trust purposes.
456.4-405. Charitable purposes--enforcement.
456.4-406. Creation of trust induced by fraud, duress, or undue influence.
456.4-407. Evidence of oral trust.
456.4-408. Trust for care of animal.
456.4-409. Noncharitable trust without ascertainable beneficiary.
456.4-410. Modification or termination of trust--proceedings for approval or disapproval.
456.4-412. Modification or termination because of unanticipated circumstances or inability to administer trust effectively.
456.4-413. Cy pres.
456.4-414. Modification or termination of uneconomic trust.
456.4-415. Reformation to correct mistakes.
456.4-416. Modification to achieve settlor's tax objectives.
456.4-417. Combination and division of trusts.
456.4-418. Distribution of trust income or principal to qualified remainder beneficiary, when--applicability to irrevocable trust, when.
456.4-419. Distributions of income and principal of first trusts and second trusts, discretionary power of trustee--notice requirements.
456.4-420. No-contest clause, claims for relief.
456.4A-411. Modification or termination of noncharitable irrevocable trust by consent, exceptions.
456.4B-411. Modification or termination of noncharitable irrevocable trust by consent--applicability.
   
ARTICLE 5. CREDITOR'S CLAIMS--SPENDTHRIFT AND DISCRETIONARY TRUSTS
456.5-501. Rights of beneficiary's creditor or assignee, exceptions.
456.5-502. Spendthrift provision.
456.5-503. Exceptions to spendthrift provision.
456.5-504. Discretionary trusts, interest not enforceable, when--applicability--effect of standard.
456.5-505. Creditor's claim against settlor.
456.5-506. Mandatory distribution defined--overdue distribution.
456.5-507. Personal obligations of trustee.
456.5-508. Creditor claim, appointive property not subject to, when.
   
ARTICLE 6. REVOCABLE TRUSTS
456.6-601. Capacity of settlor of revocable trust.
456.6-602. Revocation or amendment of revocable trust.
456.6-603. Settlor's powers--powers of withdrawal.
456.6-604. Limitation on action contesting validity of revocable trust--distribution of trust property.
   
ARTICLE 7. OFFICE OF TRUSTEE
456.7-701. Accepting of declining trusteeship.
456.7-702. Trustee's bond.
456.7-703. Cotrustees.
456.7-704. Vacancy in trusteeship--appointment of successor.
456.7-705. Resignation of trustee.
456.7-706. Removal of trustee.
456.7-707. Delivery of property by former trustee.
456.7-708. Compensation of trustee.
456.7-709. Reimbursement of expenses.
   
ARTICLE 8. DUTIES AND POWERS OF TRUSTEE
456.8-801. Duty to administer trust.
456.8-802. Duty of loyalty.
456.8-803. Impartiality.
456.8-804. Prudent administration.
456.8-805. Costs of administration.
456.8-806. Trustee's skills.
456.8-807. Delegation by trustee.
456.8-808. Powers to direct--appointment of trust protector, powers, limitations.
456.8-809. Control and protection of trust property.
456.8-810. Record keeping and identification of trust property.
456.8-811. Enforcement and defense of claims.
456.8-812. Collecting trust property.
456.8-813. Duty to inform and report--inapplicable, when.
456.8-814. Discretionary powers--tax savings.
456.8-815. General powers of trustee.
456.8-816. Specific powers of trustee.
456.8-817. Distribution upon termination.
   
ARTICLE 10. LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH TRUSTEE
456.10-1001. Remedies for breach of trust.
456.10-1002. Damages for breach of trust.
456.10-1003. Damages in absence of breach.
456.10-1004. Attorney's fees and costs.
456.10-1005. Limitation of action against trustee.
456.10-1006. Reliance on trust instrument.
456.10-1007. Event affecting administration or distribution.
456.10-1008. Exculpation of trustee.
456.10-1009. Beneficiary's consent, release, or ratification.
456.10-1010. Limitation on personal liability of trustee.
456.10-1011. Interest as general partner.
456.10-1012. Protection of person dealing with trustee.
456.10-1013. Certification of trust.
   
ARTICLE 11. MISCELLANEOUS PROVISIONS
456.11-1101. Uniformity of application and construction.
456.11-1102. Electronic records and signatures.
456.11-1103. Severability clause.
456.11-1104. Effective date.
456.11-1106. Application to existing relationships.

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