(402) Requirements for creation
N.D. Cent. Code § 59-12-02
in effect59-12-02. (402) Requirements for creation
1. A trust is created only if the settlor has capacity to create a trust, the settlor indicates
an intention to create the trust, the trust has a definite beneficiary or is a charitable
trust, a trust for the care of an animal, as provided in section 59-12-08, or a trust for a
noncharitable purpose, as provided in section 59-12-09; the trustee has duties to
perform; and the same person is not the sole trustee and sole beneficiary.
2. A beneficiary is definite if the beneficiary can be ascertained now or in the future,
subject to any applicable rule against perpetuities.
3. A power in a trustee to select a beneficiary from an indefinite class is valid. If the
power is not exercised within a reasonable time, the power fails and the property
subject to the power passes to the persons who would have taken the property had
the power not been conferred.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t59c12.pdf#nameddest=59-12-02Fetched: 10/16/2026