Florida Statutes 736.1206 – Power to amend trust instrument
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 736.1206
- Charitable organization: means an organization described in…. See Florida Statutes 736.1201
- Delivery of notice: means delivery of a written notice required under this part using any commercial delivery service requiring a signed receipt or by any form of mail requiring a signed receipt. See Florida Statutes 736.1201
- Trustee: A person or institution holding and administering property in trust.
(1) In the case of a trust that is solely for a named charitable organization or organizations and for which the trustee does not possess any discretion concerning the distribution of income or principal among two or more such organizations, the trustee may amend the governing instrument to comply with the provisions of s. 736.1204(2) with the consent of the named charitable organization or organizations.
(2) In the case of a charitable trust that is not subject to subsection (1), the trustee may amend the governing instrument to comply with s. 736.1204(2) after delivery of notice to, and with the consent of, the Attorney General.