72-38-401. Methods of creating trust. A trust may be created by:
     (1) transfer of property to a person as trustee during the settlor's lifetime or by will or other disposition taking effect upon the settlor's death;
     (2) declaration by the owner of property that the owner holds identifiable property as trustee; or
     (3) exercise of a power of appointment in favor of a trustee.

     History: En. Sec. 50, Ch. 264, L. 2013.