Uniform Trust Code (2000): Significant Provisions and Policy Issues, The

The Uniform Trust Code (200) (“UTC”) is the first effort by the National Conference of Commissioners on Uniform State Laws to provide the states with a comprehensive model for codifying their law on trusts. This Article provides an overview oft eh UTC, describes how it reponds to recent developments in American trust practice, and describes how its enactment would change the trust law prevailing in most American states. The final text of the UTC was approved by the Commissioners in August 2000, and by the American Bar Association’s House of Delegates at its mid-year meeting in February 2001. The detailed interpretive comments were completed in April 2001, and minor cleanup amendments were approved in August 2001.

Enactment by the American states is expected to begin in 2002.