A trust may be created only to the extent its purposes are lawful, not contrary to public policy, and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries, as their interests are defined under the terms of the trust.
Source. 2004, 130:1, eff. Oct. 1, 2004. 2011, 243:10, eff. Sept. 11, 2011.