3352g

A natural person has the capacity to be a trustor to the extent that he has the capacity to transfer property free of trust inter vivos or mortis causa.A juridical person has the capacity to be a trustor to the extent that it has the capacity by law to transfer the trust property to a particular trust.Government entities authorized by law may hold their own assets in a trust and act as trustees thereof in order to further their purposes through a statement made according to the formalities herein established. Government entities may act as trustees if the purposes of the trust are within the objectives of such entity. History —Aug. 31, 2012, No. 219, § 14.