PENNSYLVANIA, January 26 - PRINTER'S NO. 1358

THE GENERAL ASSEMBLY OF PENNSYLVANIA

SENATE BILL

No.

1035

Session of

2022

INTRODUCED BY BROWNE, MENSCH, STEFANO, PITTMAN AND SCHWANK,

JANUARY 26, 2022

REFERRED TO JUDICIARY, JANUARY 26, 2022

AN ACT

Amending Title 20 (Decedents, Estates and Fiduciaries) of the

Pennsylvania Consolidated Statutes, in trusts, further

providing for definitions, for trust instrument controls and

mandatory rules - UTC 105, for governing law - UTC 107, for

situs of trust, for nonjudicial settlement agreements - UTC

111, for charitable purposes; enforcement - UTC 405, for

trust for care of animal - UTC 408, for noncharitable trust

without ascertainable beneficiary - UTC 409, for reformation

to correct mistakes - UTC 415, for modification to achieve

settlor's tax objectives - UTC 416, for spendthrift provision

- UTC 502, for creditor's claim against settlor - UTC 505(a),

for overdue distribution - UTC 506, for revocation or

amendment of revocable trust - UTC 602, for trustee's duties

and powers of withdrawal - UTC 603, for accepting or

declining trusteeship - UTC 701, for trustee's bond - UTC

702, for cotrustees - UTC 703, for vacancy in trusteeship and

appointment of successor - UTC 704, for resignation of

trustee and filing resignation, for compensation of trustee -

UTC 708, for duty to administer trust - UTC 801, for duty of

loyalty - UTC 802, for powers to direct - UTC 808, for duty

to inform and report, for discretionary powers and for powers

of trustees - UTC 815, providing for directed trusts, further

providing for remedies for breach of trust--UTC 1001,

providing for nonjudicial account settlement and further

providing for reliance on trust instrument - UTC 1006, for

exculpation of trustee - UTC 1008, for certification of trust

- UTC 1013 and for title of purchaser.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1. The definitions of "interests of the

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