72-33-201. Methods of creating trust. Subject to other provisions of this chapter, a trust may be created by any of the following methods:
     (1) a declaration by the owner of property that the owner holds the property as trustee;
     (2) a transfer of property by the owner during the owner's lifetime to another person as trustee;
     (3) a testamentary transfer of property by the owner to another person as trustee;
     (4) an exercise of a power of appointment to another person as trustee; or
     (5) an enforceable promise to create a trust.

     History: En. Sec. 9, Ch. 685, L. 1989.