reglab/housing_qa huggingface dataset:
ID Code § 68-819 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 8 - TRANSFERS TO MINORS|Section 68-819 - ACCOUNTING BY AND DETERMINATION OF LIABILITY OF CUSTODIAN.

68-819. ACCOUNTING BY AND DETERMINATION OF LIABILITY OF CUSTODIAN. (1) A minor who has attained the age of fourteen (14) years, the minor’s guardian of the person or legal representative, an adult member of the minor’s family, a transferor, or a transferor’s legal representative may petition the court (i) for an accounting by the custodian or the custodian’s legal representative; or (ii) for a determination of responsibility, as between the custodial property and the custodian personally, for claims against the custodial property, unless the responsibility has been adjudicated in an action under section 68-817, Idaho Code, to which the minor or the minor’s legal representative was a party. (2) A successor custodian may petition the court for an accounting by the predecessor custodian. (3) The court, in a proceeding under this chapter or in any other proceeding, may require or permit the custodian or the custodian’s legal representative to account. (4) If a custodian is removed under section 68-818(6), Idaho Code, the court shall require an accounting and order delivery of the custodial property and records to the successor custodian and the execution of all instruments required for transfer of the custodial property.  History: [68-819, added 1984, ch. 152, sec. 2, p. 365.]
ID Code § 68-820 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 8 - TRANSFERS TO MINORS|Section 68-820 - TERMINATION OF CUSTODIANSHIP.

68-820. TERMINATION OF CUSTODIANSHIP. The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of: (1) The minor’s attainment of twenty-one (21) years of age with respect to custodial property transferred under section 68-804 or section 68-805, Idaho Code; (2) The minor’s attainment of eighteen (18) years of age, with respect to custodial property transferred under section 68-806 or section 68-807, Idaho Code; (3) The minor’s death.  History: [68-820, added 1984, ch. 152, sec. 2, p. 366.]
ID Code § 68-821 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 8 - TRANSFERS TO MINORS|Section 68-821 - APPLICABILITY.

68-821. APPLICABILITY. The provisions of this chapter apply to a transfer within the scope of section 68-802, Idaho Code, made after its effective date if: (1) The transfer purports to have been made under the Uniform Gifts to Minors Act of Idaho; or (2) The instrument by which the transfer purports to have been made uses in substance the designation "as custodian under the Uniform Gifts to Minors Act" or "as custodian under the Uniform Transfers to Minors Act" of any other state, and the application of this chapter is necessary to validate the transfer.  History: [68-821, added 1984, ch. 152, sec. 2, p. 366.]
ID Code § 68-822 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 8 - TRANSFERS TO MINORS|Section 68-822 - EFFECT ON EXISTING CUSTODIANSHIPS.

68-822. EFFECT ON EXISTING CUSTODIANSHIPS. (1) Any transfer of custodial property as now defined in this chapter made before July 1, 1984, is validated, notwithstanding that there was no specific authority in the Uniform Gifts to Minors Act of Idaho, for the coverage of custodial property of that kind or for a transfer from that source at the time the transfer was made. (2) The provisions of this chapter apply to all transfers made before the effective date of this chapter, in a manner and form prescribed in the Uniform Gifts to Minors Act of Idaho, except insofar as the application impairs constitutionally vested rights or extends the duration of custodianships in existence on the effective date of this chapter. (3) Sections 68-801 and 68-820, Idaho Code, with respect to the age of a minor for whom custodial property is held under this chapter, do not apply to custodial property held in a custodianship that terminated because of the minor’s attainment of the age of eighteen (18) years after July 1, 1972 and before July 1, 1984.  History: [68-822, added 1984, ch. 152, sec. 2, p. 366.]
ID Code § 68-823 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 8 - TRANSFERS TO MINORS|Section 68-823 - UNIFORMITY OF APPLICATION AND CONSTRUCTION.

68-823. UNIFORMITY OF APPLICATION AND CONSTRUCTION. The provisions of this chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it.  History: [68-823, added 1984, ch. 152, sec. 2, p. 367.]
ID Code § 68-824 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 8 - TRANSFERS TO MINORS|Section 68-824 - SHORT TITLE.

68-824. SHORT TITLE. This chapter may be cited as the "Idaho Uniform Transfers to Minors Act."  History: [68-824, added 1984, ch. 152, sec. 2, p. 367.]
ID Code § 68-825 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 8 - TRANSFERS TO MINORS|Section 68-825 - SEVERABILITY.

68-825. SEVERABILITY. The provisions of this chapter are hereby declared to be severable and if any provision of this chapter or the application of such provision to any person or circumstance is declared invalid for any reason, such declaration shall not affect the validity of remaining portions of this chapter.  History: [68-825, added 1984, ch. 152, sec. 2, p. 367.]
ID Code § 68-901 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 9 - SIMPLIFICATION OF FIDUCIARY SECURITY TRANSFERS|Section 68-901 - DEFINITIONS.

68-901. DEFINITIONS. In this act, unless the context otherwise requires: (a) "Assignment" includes any written stock power, bond power, bill of sale, deed, declaration of trust, or other instrument of transfer. (b) "Claim of beneficial interest" includes a claim of any interest by a decedent’s legatee, distributee, heir, or creditor, a beneficiary under a trust, a ward, a beneficial owner of a security registered in the name of a nominee, or a minor owner of a security registered in the name of a custodian, or a claim of any similar interest, whether the claim is asserted by the claimant or by a fiduciary or by any other authorized person on his behalf, and includes a claim that the transfer would be in breach of fiduciary duties. (c) "Corporation" means a private or public corporation, association or trust issuing a security. (d) "Fiduciary" means an executor, administrator, trustee, guardian, committee, conservator, curator, tutor, custodian, or nominee. (e) "Person" includes an individual, a corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, two (2) or more persons having a joint or common interest, or any other legal or commercial entity. (f) "Security" includes any share of stock, bond, debenture, note, or other security issued by a corporation which is registered as to ownership on the books of the corporation. (g) "Transfer" means a change on the books of a corporation in the registered ownership of a security. (h) "Transfer agent" means a person employed or authorized by a corporation to transfer securities issued by the corporation.  History: [68-901, added 1959, ch. 136, sec. 1, p. 294.]
ID Code § 68-902 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 9 - SIMPLIFICATION OF FIDUCIARY SECURITY TRANSFERS|Section 68-902 - REGISTRATION IN THE NAME OF A FIDUCIARY.

68-902. REGISTRATION IN THE NAME OF A FIDUCIARY. A corporation or transfer agent registering a security in the name of a person who is a fiduciary or who is described as a fiduciary is not bound to inquire into the existence, extent, or correct description of the fiduciary relationship; and thereafter the corporation and its transfer agent may assume without inquiry that the newly registered owner continues to be the fiduciary until the corporation or transfer agent receives written notice that the fiduciary is no longer acting as such with respect to the particular security.  History: [68-902, added 1959, ch. 136, sec. 2, p. 294.]
ID Code § 68-903 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 9 - SIMPLIFICATION OF FIDUCIARY SECURITY TRANSFERS|Section 68-903 - ASSIGNMENT BY A FIDUCIARY.

68-903. ASSIGNMENT BY A FIDUCIARY. Except as otherwise provided in this act, a corporation or transfer agent making a transfer of a security pursuant to an assignment by a fiduciary (a) may assume without inquiry that the assignment even though to the fiduciary himself or to his nominee, is within his authority and capacity and is not in breach of his fiduciary duties; (b) may assume without inquiry that the fiduciary has complied with any controlling instrument and with the law of the jurisdiction governing the fiduciary relationship, including any law requiring the fiduciary to obtain court approval of the transfer; and (c) is not charged with notice of and is not bound to obtain or examine any court record or any recorded or unrecorded document relating to the fiduciary relationship or the assignment, even though the record or document is in its possession.  History: [68-903, added 1959, ch. 136, sec. 3, p. 294.]
ID Code § 68-904 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 9 - SIMPLIFICATION OF FIDUCIARY SECURITY TRANSFERS|Section 68-904 - EVIDENCE OF APPOINTMENT OR INCUMBENCY.

68-904. EVIDENCE OF APPOINTMENT OR INCUMBENCY. A corporation or transfer agent making a transfer pursuant to an assignment by a fiduciary who is not the registered owner shall obtain the following evidence of appointment or incumbency: (a) In the case of a fiduciary appointed or qualified by a court, a certificate issued by or under the direction or supervision of that court or an officer thereof and dated within sixty (60) days before the transfer; or (b) In any other case, a copy of a document showing the appointment or a certificate issued by or on behalf of a person reasonably believed by the corporation or transfer agent to be responsible or, in the absence of such a document or certificate, other evidence reasonably deemed by the corporation or transfer agent to be appropriate. Corporations and transfer agents may adopt standards with respect to evidence of appointment or incumbency under this subsection provided such standards are not manifestly unreasonable. Neither the corporation nor transfer agent is charged with notice of the contents of any document obtained pursuant to this paragraph (b) except to the extent that the contents relate directly to the appointment or incumbency.  History: [68-904, added 1959, ch. 136, sec. 4, p. 294.]
ID Code § 68-905 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 9 - SIMPLIFICATION OF FIDUCIARY SECURITY TRANSFERS|Section 68-905 - ADVERSE CLAIMS.

68-905. ADVERSE CLAIMS. (a) A person asserting a claim of beneficial interest adverse to the transfer of a security pursuant to an assignment by a fiduciary may give the corporation or transfer agent written notice of the claim. The corporation or transfer agent is not put on notice unless the written notice identifies the claimant, the registered owner, and the issue of which the security is a part, provides an address for communications directed to the claimant and is received before the transfer. Nothing in this act relieves the corporation or transfer agent of any liability for making or refusing to make the transfer after it is so put on notice, unless it proceeds in the manner authorized in subsection (b). (b) As soon as practicable after the presentation of a security for transfer pursuant to an assignment by a fiduciary, a corporation or transfer agent which has received notice of a claim of beneficial interest adverse to the transfer may send notice of the presentation by registered or certified mail to the claimant at the address given by him. If the corporation or transfer agent so mails such a notice it shall withhold the transfer for thirty (30) days after the mailing and shall then make the transfer unless restrained by a court order.  History: [68-905, added 1959, ch. 136, sec. 5, p. 294.]
ID Code § 68-906 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 9 - SIMPLIFICATION OF FIDUCIARY SECURITY TRANSFERS|Section 68-906 - NONLIABILITY OF CORPORATION AND TRANSFER AGENT.

68-906. NONLIABILITY OF CORPORATION AND TRANSFER AGENT. A corporation or transfer agent incurs no liability to any person by making a transfer or otherwise acting in a manner authorized by this act.  History: [68-906, added 1959, ch. 136, sec. 6, p. 294.]
ID Code § 68-907 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 9 - SIMPLIFICATION OF FIDUCIARY SECURITY TRANSFERS|Section 68-907 - NONLIABILITY OF THIRD PERSONS.

68-907. NONLIABILITY OF THIRD PERSONS. (a) No person who participates in the acquisition, disposition, assignment or transfer of a security by or to a fiduciary, including a person who guarantees the signature of the fiduciary, (is liable for participation in any breach of fiduciary,) is liable for participation in any breach of fiduciary duty by reason of failure to inquire whether the transaction involves a breach unless it is shown that he acted with actual knowledge that the proceeds of the transaction were being or were to be used wrongfully for the individual benefit of the fiduciary or that the transaction was otherwise in breach of duty. (b) If a corporation or transfer agent makes a transfer pursuant to an assignment by a fiduciary, a person who guaranteed the signature of the fiduciary is not liable on the guarantee to any person to whom the corporation or transfer agent by reason of this act incurs no liability. (c) This section does not impose any liability upon the corporation or its transfer agent.  History: [68-907, added 1959, ch. 136, sec. 7, p. 294.]
ID Code § 68-908 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 9 - SIMPLIFICATION OF FIDUCIARY SECURITY TRANSFERS|Section 68-908 - TERRITORIAL APPLICATION.

68-908. TERRITORIAL APPLICATION. (a) The rights and duties of a corporation and its transfer agents in registering a security in the name of a fiduciary or in making a transfer of a security pursuant to an assignment by a fiduciary are governed by the law of the jurisdiction under whose laws the corporation is organized. (b) This act applies to the rights and duties of a person other than the corporation and its transfer agents with regard to acts and omissions in this state in connection with the acquisition, disposition, assignment, or transfer of a security by or to a fiduciary and of a person who guarantees in this state the signature of a fiduciary in connection with such a transaction.  History: [68-908, added 1959, ch. 136, sec. 8, p. 294.]
ID Code § 68-909 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 9 - SIMPLIFICATION OF FIDUCIARY SECURITY TRANSFERS|Section 68-909 - TAX OBLIGATIONS.

68-909. TAX OBLIGATIONS. This act does not affect any obligation of a corporation or transfer agent with respect to estate, inheritance, succession, or other taxes imposed by the laws of this state.  History: [68-909, added 1959, ch. 136, sec. 9, p. 294.]
ID Code § 68-910 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 9 - SIMPLIFICATION OF FIDUCIARY SECURITY TRANSFERS|Section 68-910 - UNIFORMITY OF INTERPRETATION.

68-910. UNIFORMITY OF INTERPRETATION. This act shall be so construed as to effectuate its general purpose to make uniform the law of those states which enact it.  History: [68-910, added 1959, ch. 136, sec. 10, p. 294.]
ID Code § 68-911 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 9 - SIMPLIFICATION OF FIDUCIARY SECURITY TRANSFERS|Section 68-911 - SHORT TITLE.

68-911. SHORT TITLE. This act may be cited as the Uniform Act for the Simplification of Fiduciary Security Transfers.  History: [68-911, added 1959, ch. 136, sec. 11, p. 294.]
ID Code § 68-1201 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 12 - PRIVATE FOUNDATIONS AND CHARITABLE TRUSTS|Section 68-1201 - TRUSTS COVERED BY LAW.

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 trusts" as described in section 4947(a)(2) of the Internal Revenue Code of 1986.  History: [68-1201, added 1974, ch. 73, sec. 1, p. 1154; am. 1994, ch. 190, sec. 1, p. 617.]
ID Code § 68-1202 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 12 - PRIVATE FOUNDATIONS AND CHARITABLE TRUSTS|Section 68-1202 - PROVISIONS PROHIBITED IN TRUST INSTRUMENTS.

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 Code of 1986), which would give rise to any liability for the tax imposed by section 4941(a) of the Internal Revenue Code of 1986; (b) Retaining any "excess business holdings" (as defined in section 4943(c) of the Internal Revenue Code of 1986), which would give rise to any liability for the tax imposed by section 4943(a) of the Internal Revenue Code of 1986; (c) Making any investments which would jeopardize the carrying out of any of the exempt purposes of the trust, within the meaning of section 4944 of the Internal Revenue Code of 1986, so as to give rise to any liability for the tax imposed by section 4944(a) of the Internal Revenue Code of 1986; and (d) Making any "taxable expenditures" (as defined in section 4945(d) of the Internal Revenue Code of 1986), which would give rise to any liability for the tax imposed by section 4945(a) of the Internal Revenue Code of 1986; Provided, that this section shall not apply either to those split-interest trusts or to amounts thereof which are not subject to the prohibitions applicable to private foundations by reason of the provisions of section 4947 of the Internal Revenue Code of 1986.  History: [68-1202, added 1974, ch. 73, sec. 2, p. 1154; am. 1994, ch. 190, sec. 2, p. 617.]
ID Code § 68-1203 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 12 - PRIVATE FOUNDATIONS AND CHARITABLE TRUSTS|Section 68-1203 - REQUIRED DISTRIBUTIONS.

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 the trust, amounts at least sufficient to avoid liability for the tax imposed by section 4942(a) of the Internal Revenue Code of 1986.  History: [68-1203, added 1974, ch. 73, sec. 3, p. 1154; am. 1994, ch. 190, sec. 3, p. 618.]
ID Code § 68-1204 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 12 - PRIVATE FOUNDATIONS AND CHARITABLE TRUSTS|Section 68-1204 - TRUSTEE MAY AMEND GOVERNING INSTRUMENT UNDER CERTAIN CIRCUMSTANCES.

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 the requirements for exemption from the taxes imposed in sections 4941 to 4945 of the Internal Revenue Code of 1986, including amendments which broaden, extend, reduce or limit the charitable purposes for which the trust is administered; (b) To terminate the status of the trust as a private foundation in a manner described in section 507(b)(1) of the Internal Revenue Code of 1986; or (c) To terminate the trust and transfer its assets to one (1) or more entities described in section 501(c)(3) of the Internal Revenue Code of 1986 because continuation is impractical due to its small size or impractical because of changed circumstances adversely impacting its purpose or purposes. Prior to giving consent, the attorney general shall determine that the proposed amendments are necessary or appropriate to achieve the charitable purposes of the trust. If the trust is for the exclusive benefit of one (1) or more charitable organizations, or in the event there are one (1) or more residual beneficiaries, the trustee shall also obtain the prior consent of such organizations or individuals prior to amending the terms of the governing instrument in the manner set forth in this section. Further, notwithstanding the provisions of section 68-1201, Idaho Code, this section shall additionally apply to all trusts described in section 501(c)(3) of the Internal Revenue Code of 1986.  History: [68-1204, added 1994, ch. 190, sec. 5, p. 618.]
ID Code § 68-1205 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 12 - PRIVATE FOUNDATIONS AND CHARITABLE TRUSTS|Section 68-1205 - COURTS AND ATTORNEY GENERAL NOT IMPAIRED.

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.  History: [68-1205, added 1974, ch. 73, sec. 5, p. 1154.]
ID Code § 68-1206 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 12 - PRIVATE FOUNDATIONS AND CHARITABLE TRUSTS|Section 68-1206 - REFERENCES TO INTERNAL REVENUE CODE OF 1986.

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.  History: [68-1206, added 1974, ch. 73, sec. 6, p. 1154; am. 1994, ch. 190, sec. 6, p. 619.]
ID Code § 68-1207 (2021)
2021 Idaho Code|Title 68 - TRUSTS AND FIDUCIARIES|Chapter 12 - PRIVATE FOUNDATIONS AND CHARITABLE TRUSTS|Section 68-1207 - TRUST INSTRUMENTS OR PRIVATE FOUNDATION ARTICLES MAY PROVIDE THAT THIS LAW WILL NOT APPLY.

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 specific provision in the trust instrument or an amendment thereto which provides that some or all of the provisions of this act shall have no application to such trust.  History: [68-1207, added 1974, ch. 73, sec. 7, p. 1154; am. 1994, ch. 190, sec. 7, p. 619.]