The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
14-10110 - Others treated as qualified beneficiaries
14-10110. Others treated as qualified beneficiaries
A. A charitable organization that is expressly and irrevocably designated to receive distributions under the terms of a charitable trust or a person appointed to enforce a trust created for the care of an animal or another noncharitable purpose as provided in section 14-10408 or 14-10409 has the rights of a qualified beneficiary under this chapter.
B. With respect to a charitable trust created on or after January 1, 2009 having its principal place of administration in this state, a trustee:
1. Within sixty days after the creation of a charitable trust, shall promptly furnish to the attorney general a copy of the portions of the charitable trust instrument that are necessary to describe the charitable purpose.
2. Within sixty days after accepting a trusteeship for a charitable trust, shall notify the attorney general of the acceptance and of the trustee's name, address and telephone number.
3. At least thirty days in advance, shall notify the attorney general of any of the following:
(a) Any change in the charitable trust's principal place of administration to another state.
(b) Any dissolution of the charitable trust.
(c) Any change in the charitable purpose of the charitable trust.
(d) Any court proceedings regarding the charitable trust.
(e) Any change in the method or rate of the trustee's compensation.
C. For the purposes of subsection B of this section, a "charitable trust" means a trust that is a qualified entity under section 501(c)(3) of the internal revenue code for tax exempt status under section 501(a) of the internal revenue code.