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Statutes Text

Article - Estates and Trusts




§14.5–401.

    A trust may be created by:

        (1)    Transfer of property to another person as trustee during the lifetime of the settlor or by will or other disposition taking effect on the death of the settlor;

        (2)    Declaration by the owner of property that the owner holds identifiable property as trustee; or

        (3)    Exercise of a power of appointment in favor of a trustee.