| | | This Code applies to express trusts, charitable or | | noncharitable, and trusts created pursuant to a statute, judgment | | or decree that requires the trust to be administered in the | | manner of an express trust. |
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| | | As used in this Code, unless the context otherwise indicates, | | the following terms have the following meanings. |
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| | | 1.__Action.__"Action," with respect to an act of a trustee, | | includes a failure to act. |
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| | | 2.__Beneficiary.__"Beneficiary" means a person that: |
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| | | A.__Has a present or future beneficial interest in a trust, | | vested or contingent; or |
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| | | B.__In a capacity other than that of trustee, holds a power | | of appointment over trust property. |
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| | | 3.__Charitable trust.__"Charitable trust" means a trust, or | | portion of a trust, created for a charitable purpose described in | | section 405, subsection 1. |
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| | | 3-A.__Code.__"Code" means the Maine Uniform Trust Code. |
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| | | 4.__Conservator.__"Conservator" means a person appointed by | | the court to administer an estate of a minor or adult individual. |
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| | | 5.__Environmental law.__"Environmental law" means a federal, | | state or local law, rule, regulation or ordinance relating to | | protection of the environment. |
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| | | 6.__Guardian.__"Guardian" means a person who has qualified | | pursuant to court appointment to make decisions regarding the | | support, care, education, health and welfare of a minor or adult | | individual. The term does not include a guardian ad litem. |
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| | | 7.__Interests of beneficiaries.__"Interests of the | | beneficiaries" means the beneficial interests provided in the | | terms of the trust. |
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| | | 8.__Jurisdiction.__"Jurisdiction," with respect to a | | geographic area, includes a state or country. |
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| | | 9.__Person.__"Person" means an individual, corporation, | | business trust, estate, trust, partnership, limited liability | | company, association, joint venture, government; governmental |
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