736.0110 Others treated as qualified beneficiaries. - Florida Statutes

736.0110 Others treated as qualified beneficiaries.

   (1) A charitable organization expressly designated to receive distributions under the terms of a charitable trust has the rights of a qualified beneficiary under this code if the charitable organization, on the date the charitable organization’s qualification is being determined:

   (a) Is a distributee or permissible distributee of trust income or principal;

   (b) Would be a distributee or permissible distributee of trust income or principal on termination of the interests of other distributees or permissible distributees then receiving or eligible to receive distributions; or

   (c) Would be a distributee or permissible distributee of trust income or principal if the trust terminated on that date.

   (2) A person appointed to enforce a trust created for the care of an animal or another noncharitable purpose as provided in s. 736.0408 or s. 736.0409 has the rights of a qualified beneficiary under this code.

   (3) The Attorney General may assert the rights of a qualified beneficiary with respect to a charitable trust having its principal place of administration in this state.

History. s. 1, ch. 2006-217.