Section 11.32 Substitutes for Initial Custodians

LibraryTrusts and Powers 2013 Supp

A. (§11.32) Substitutes for Initial Custodians

Donors making provisions for a future transfer may revocably name one or more substitute custodians to serve in the order named in the event that a prior-named custodian declines to serve, is not qualified to serve, or is deceased or incapacitated. Substitute custodians are initial custodians for managing the custodial estate. Section 404.027.3, RSMo 2000. There is no provision in the statute for a donor to name a list of successive successor custodians to...

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