(a) A charitable organization expressly designated to receive distributions under the terms of a trust has the rights of a qualified beneficiary under this chapter, if the charitable organization, on the date the charitable organization's qualification is being determined, would be a qualified beneficiary under this chapter if such charitable organization were an individual beneficiary. Any such charitable organization expressly designated in the terms of a trust may receive notice and information pursuant to §§ 35-15-705, 35-15-813, and 35-15-817, and participate in nonjudicial settlement agreements under § 35-15-111.
(b) The attorney general and reporter may exercise the rights of a qualified beneficiary with respect to a charitable trust having its principal place of administration in this state if all of the interests in the trust that are for a charitable purpose, in the aggregate, on the date the attorney general and reporter's qualification is being determined, would cause an individual beneficiary to be a qualified beneficiary under this chapter if all of such interests were for the benefit of an individual beneficiary instead of for charitable purposes.