The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 14A V.S.A. § 409)
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§ 409. Noncharitable trust without ascertainable beneficiary
Except as otherwise provided in section 408 of this title or by another statute, the following rules apply:
(1) A trust may be created for a noncharitable purpose without a definite or definitely
ascertainable beneficiary or for a noncharitable but otherwise valid purpose to be
selected by the trustee. The trust may not be enforced for more than 21 years.
(2) A trust authorized by this section may be enforced by a person appointed in the terms
of the trust or, if no person is so appointed, by a person appointed by the Probate
Division of the Superior Court.
(3) Property of a trust authorized by this section may be applied only to its intended
use, except to the extent the Probate Division of the Superior Court determines that
the value of the trust property exceeds the amount required for the intended use.
Except as otherwise provided in the terms of the trust, property not required for
the intended use must be distributed to the settlor, if then living, otherwise to
the settlor’s successors in interest. (Added 2009, No. 20, § 1; amended 2009, No. 154 (Adj. Sess.), § 236, eff. Feb. 1, 2011.)