456.1-110. Others treated as qualified beneficiaries. - Missouri Statutes

Others treated as qualified beneficiaries.

456.1-110. 1. A specified charitable organization or a personappointed to enforce a trust created for the care of an animal or anothernoncharitable purpose as provided in sections 456.4-408 or 456.4-409 hasthe rights of a qualified beneficiary under sections 456.1-101 to456.11-1106.

2. Except with respect to sections 456.1-108 and 456.4B-411, theattorney general of this state has the rights of a qualified beneficiarywith respect to an interest in a charitable trust having its principalplace of administration in this state if:

(1) a specified charitable organization is not entitled to adistribution from such interest; and

(2) distributions from the interest are payable in a manner that, ifpayable to an identifiable charitable entity, would qualify that entity asa specified charitable organization.

3. In this section a "specified charitable organization" means anidentifiable charitable entity, the interest of which is not otherwisesubject to any power of appointment or other power of termination, that, onthe date that entity's qualification is determined:

(a) is a permissible distributee;

(b) would be a permissible distributee if the interests of thepermissible distributees terminated on that date; or

(c) would be a permissible distributee if the trust terminated onthat date.

4. No provision of this section shall limit the authority of theattorney general of this state to supervise and control charitableorganizations.

(L. 2004 H.B. 1511, A.L. 2006 S.B. 892)