Title 68 — TRUSTS AND FIDUCIARIES
13 chapters · 134 sections in this title.
Idaho Code § 68-1201 Trusts covered by law
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68-1201. Trusts covered by law. This act shall apply only to trusts which are "private foundations" as defined in section 509 of the Internal Revenue Code of 1986, "charitable trusts" as described in section 4947(a)(1) of the Internal Revenue Code of 1986 and "split-interest trus…
Idaho Code § 68-1202 Provisions prohibited in trust instruments
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68-1202. Provisions prohibited in trust instruments. The trust instrument of each trust to which this act applies shall be deemed to contain provisions prohibiting the trustee from: (a) Engaging in any act of "self-dealing" (as defined in section 4941(d) of the Internal Revenue C…
Idaho Code § 68-1203 Required distributions
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68-1203. Required distributions. The trust instrument of each trust to which this act applies, except "split-interest" trusts, shall be deemed to contain a provision requiring the trustee to distribute, for the purposes specified in the trust instrument, for each taxable year of …
Idaho Code § 68-1204 Trustee may amend governing instrument under certain circumstances
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68-1204. Trustee may amend governing instrument under certain circumstances. The trustee of a trust may, with the prior consent of the attorney general, amend the terms of the governing instrument to the extent necessary: (a) To assure conformity of the governing instrument with …
Idaho Code § 68-1205 Courts and attorney general not impaired
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68-1205. Courts and attorney general not impaired. Nothing in this act shall impair the rights and powers of the courts or the attorney general of this state with respect to any trust.
Idaho Code § 68-1206 References to Internal Revenue Code of 1986
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68-1206. References to Internal Revenue Code of 1986. All references to sections of the Internal Revenue Code of 1986 shall refer to that term as it is now and hereafter defined in section 63-3004, Idaho Code.
Idaho Code § 68-1207 Trust instruments or private foundation articles may provide that this law will not apply
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68-1207. Trust instruments or private foundation articles may provide that this law will not apply. Nothing in this act shall limit the power of a person who creates a trust or the power of a person who has retained or has been granted the right to amend a trust to include a spec…