Nebraska Clauses Relating to Purpose of Venture

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Multi-State
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US-P0603-1BAM
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Word; 
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This sample form, containing Clauses Relating to Purpose of Venture document, is usable for corporate/business matters. The language is easily adaptable to fit your circumstances. You must confirm compliance with applicable law in your state. Available in Word format.

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FAQ

The states that have enacted a version of the Uniform Trust Code are Alabama, Arizona, Arkansas, Florida, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Jersey, New Hampshire, New Mexico, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, ...

For example, Section 602(a) of the Uniform Trust Code states that ?[u]nless the terms of a trust expressly provide that the trust is irrevocable, the settlor may revoke or amend the trust.? Additionally, Section 602 provides rules for, among other issues, revocation of trust with multiple settlors (Section 602(b)), ...

The state of mind exception to the hearsay rule allows the admission of extrajudicial statements to show the state of mind of the declarant if the state of mind of the declarant at the time the statement was made is an issue in the case. State v. Drinkwalter, 242 Neb. 40, 493 N.W.

Nebraska had also adopted the Nebraska Uniform Prudent In- vestor Act, which now has been incorporated into Article 9 of the Ne- braska UTC. The Nebraska Uniform Trust Code becomes active on the second of January 1 after the operative date of the act.

(UTC 101) Sections 30-3801 to 30-38,110 shall be known and may be cited as the Nebraska Uniform Trust Code.

A trust is void to the extent its creation was induced by fraud, duress, or undue influence.

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Nebraska Clauses Relating to Purpose of Venture