SUBPART O.  TRUSTS FOR MIXED PRIVATE AND

CHARITABLE PURPOSES

§1951.  General rule

A trust may be created for mixed private and charitable purposes.  The dispositive provisions of such a trust in favor of private beneficiaries are governed by the provisions of this Code; those in favor of charitable beneficiaries are governed by Parts I through IV of Chapter 2 of Code Title II of Code Book III of this Title.  As long as there remains a private beneficiary, the trust shall be administered in accordance with the provisions of this Code.

Amended by Acts 1972, No. 659, §1; Acts 2012, No. 742, §1.