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South Carolina Code > Title 62 > Chapter 7 - South Carolina Trust Code

^{Current as of: 2009}

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§ 62-7-101	Short title
§ 62-7-102	Scope
§ 62-7-103	Definitions
§ 62-7-104	Knowledge
§ 62-7-105	Default and mandatory rules
§ 62-7-106	Common law of trusts; principles of equity
§ 62-7-107	Governing law
§ 62-7-108	Principal place of administration
§ 62-7-109	Methods and waiver of notice
§ 62-7-110	Requirement of notice to others
§ 62-7-111	Nonjudicial settlement agreements
§ 62-7-112	Rules of construction
§ 62-7-201	Role of court in administration of trust
§ 62-7-202	Jurisdiction over trustee and beneficiary
§ 62-7-204	Venue
§ 62-7-301	When parties bound by others
§ 62-7-302	Representation by holder of general testamentary power of appointment
§ 62-7-303	Representation by fiduciaries and parents
§ 62-7-304	Representation by person having substantially identical interest
§ 62-7-305	Appointment of representative
§ 62-7-401	Methods of creating trust
§ 62-7-402	Requirements for creation; merger of title
§ 62-7-403	Trusts created in other jurisdictions
§ 62-7-404	Trust purposes
§ 62-7-405	Charitable purposes; enforcement
§ 62-7-406	Creation of trust induced by fraud, duress, or undue influence
§ 62-7-407	Evidence of oral trust
§ 62-7-408	Trust for care of animal
§ 62-7-409	Noncharitable trust without ascertainable beneficiary
§ 62-7-410	Modification or termination of trust; proceedings for approval or disapproval
§ 62-7-411	Modification or termination of noncharitable irrevocable trust by consent with court approval
§ 62-7-412	Modification or termination because of unanticipated circumstances or inability to administer trust effectively
§ 62-7-413	Equitable deviation
§ 62-7-414	Modification or termination of uneconomic trust
§ 62-7-415	Reformation to correct mistakes
§ 62-7-416	Modification to achieve settlor's tax objectives
§ 62-7-417	Combination and division of trusts
§ 62-7-418	Estate and possession of trust estates shall be in beneficiaries thereof
§ 62-7-501	Rights of beneficiary's creditor or assignee
§ 62-7-502	Spendthrift provision
§ 62-7-503	Exceptions to spendthrift provision
§ 62-7-504	Discretionary trusts; effect of standard
§ 62-7-505	Creditors' claims against settlor
§ 62-7-506	Overdue distribution
§ 62-7-507	Personal obligations of trustee
§ 62-7-601	Capacity of settlor of revocable trust
§ 62-7-602	Revocation or amendment of revocable trust
§ 62-7-603	Settlor's powers
§ 62-7-604	Limitation on action contesting validity of revocable trust; distribution of trust property
§ 62-7-605	Effect of penalty clause for contest
§ 62-7-606	Anti-lapse provision in trust
§ 62-7-607	Divorce or annulment as revoking revocable trust
§ 62-7-701	Accepting or declining trusteeship
§ 62-7-702	Trustee's bond
§ 62-7-703	Cotrustees
§ 62-7-704	Vacancy in trusteeship; appointment of successor
§ 62-7-705	Resignation of trustee
§ 62-7-706	Removal of trustee
§ 62-7-707	Delivery of property by former trustee
§ 62-7-708	Compensation of trustee
§ 62-7-709	Reimbursement of expenses
§ 62-7-801	Duty to administer trust
§ 62-7-802	Duty of loyalty
§ 62-7-803	Impartiality
§ 62-7-804	Prudent administration
§ 62-7-805	Costs of administration
§ 62-7-806	Trustee's skills
§ 62-7-807	Delegation by trustee
§ 62-7-808	Powers to direct
§ 62-7-809	Control and protection of trust property
§ 62-7-810	Recordkeeping and identification of trust property
§ 62-7-811	Enforcement and defense of claims
§ 62-7-812	Exercise of powers by successor trustees; liability
§ 62-7-813	Duty to inform and report
§ 62-7-814	Discretionary powers; tax savings
§ 62-7-815	General powers of trustee
§ 62-7-816	Specific powers of trustee
§ 62-7-817	Distribution upon termination
§ 62-7-901	Short title
§ 62-7-902	Definitions
§ 62-7-903	Allocation of receipts and disbursements
§ 62-7-904	Adjustments between principal and income
§ 62-7-905	Determinations of income and principal; distributions upon death of decedent or end of an income interest in a trust
§ 62-7-906	Determination and distribution of net income
§ 62-7-907	Beginning and end of income interests
§ 62-7-908	Allocation of income receipts and disbursements
§ 62-7-909	Undistributed income
§ 62-7-910	Allocation of receipts from an entity to principal or income
§ 62-7-911	Allocations of income and principal received from a trust or an estate
§ 62-7-912	Separate accounting for a business activity
§ 62-7-913	Allocations to principal
§ 62-7-914	Accounting for receipts from rental property
§ 62-7-915	Allocation of interest as income; allocation of proceeds from disposition of an obligation as principal; exceptions
§ 62-7-916	Allocation of proceeds of insurance contracts; exception
§ 62-7-917	Insubstantial allocations
§ 62-7-918	Allocation of payments; interest, dividends, or payments made instead of interest or dividends; marital deductions; exception
§ 62-7-919	Liquidating assets
§ 62-7-920	Allocation of receipts from interests in minerals or other natural resources
§ 62-7-921	Allocation of receipts from sale of timber and related products
§ 62-7-922	Marital deduction adjustments
§ 62-7-923	Allocation of derivatives; options
§ 62-7-924	Allocation of payments related to asset-backed securities
§ 62-7-925	Disbursements from income
§ 62-7-926	Disbursements from principal
§ 62-7-927	Transfer to principal of cash receipts from asset subject to depreciation
§ 62-7-928	Future principal disbursements reserves
§ 62-7-929	Payment of taxes from income and principal
§ 62-7-930	Certain adjustments between principal and income; reduction of marital deduction or charitable contribution deduction
§ 62-7-931	Application and construction of Uniform Principal and Income Act
§ 62-7-932	Discretionary power of a fiduciary
§ 62-7-933	Uniform Prudent Investor Act
§ 62-7-1001	Remedies for breach of trust
§ 62-7-1002	Damages for breach of trust
§ 62-7-1003	Damages in absence of breach
§ 62-7-1004	Attorney's fees and costs
§ 62-7-1005	Limitation of action against trustee
§ 62-7-1006	Reliance on trust instrument
§ 62-7-1007	Event affecting administration or distribution
§ 62-7-1008	Exculpation of trustee
§ 62-7-1009	Beneficiary's consent, release, or ratification
§ 62-7-1010	Limitation on personal liability of trustee
§ 62-7-1011	Interest as general partner
§ 62-7-1012	Protection of person dealing with trustee
§ 62-7-1013	Certification of trust
§ 62-7-1101	Uniformity of application and construction
§ 62-7-1102	Electronic records and signatures
§ 62-7-1103	Severability Clause
§ 62-7-1106	Application to existing relationships

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South Carolina Code > Title 62 > Chapter 7 - South Carolina Trust Code

South Carolina Code > Title 62 > Chapter 7 - South Carolina Trust Code

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