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Trust territories United Nations Trusteeship Power Prior name Prior sov. Current state Comments Trust Territory of the Pacific Islands: United States: South Seas Mandate: Empire of Japan: Northern Mariana Islands: Became US Commonwealth in 1986. Marshall Islands: Became an associated state of the United States after signing a Compact of Free ...
The Uniform Trust Code is a model law in the United States created by the Uniform Law Commission, which, although not binding, is influential in the states and used ...
Trust Territory of the Pacific Islands (1947–1986): U.N. trust territory administered by the U.S.; included the Marshall Islands, the Federated States of Micronesia, and Palau, which are sovereign states (that have entered into a Compact of Free Association with the U.S.), along with the Commonwealth of the Northern Mariana Islands.
The UTC states that a trust is valid if, under the law of the jurisdiction in which it was created, it was properly created. [97] In most cases, this would be the law of the jurisdiction of the grantor's domicile. Trusts must also, under the Code, have a lawful purpose which is possible to achieve. [98]
Article 73(e) requires UN member states to report to the United Nations annually on the development of NSGTs under their control. From the initial reports provided by eight member states (Australia, Belgium, Denmark, France, the Netherlands, New Zealand, the United Kingdom and the United States), a list was compiled in 1946 listing 72 NSGTs.
United Nations Trust Territory under U.S. administration Under U.S. administration in enforcement of UNSC 21 [11] Palau (TTPI) 1947–1994 United Nations Trust Territory under U.S. administration Under U.S. administration in enforcement of UNSC 21 [11] Micronesia (TTPI) 1947–1994 United Nations Trust Territory under U.S. administration
In the United States, a trust is presumed to be irrevocable unless the instrument or will creating it states it is revocable, except in Pennsylvania, California, Oklahoma and Texas (and any other state that has adopted section 602 of the Uniform Trust Code), in which trusts are presumed to be revocable unless the instrument or will creating ...
Alabama Trust Fund: 2.5: June 2016 [9] Petroleum: 8 Utah: State School Fund 2.0: March 2015 [10] Public lands 9 Oregon: Oregon Common School Fund: 1.4: December 2016 [11] Public lands 10 Louisiana: Louisiana Education Quality Trust Fund: 1.3: June 2016 [12] Petroleum: 11 Montana: Coal Severance Tax Trust Fund & Public School Trust 1.2: June ...