Filings, reports, accounting, separation of funds, appointment, and registration of purpose trust not required--Exceptions

Except as may be demanded by an enforcer under § 55-1-21.4 , ordered by the court or required by the governing instrument, no filings, reports, periodic accounting, separate maintenance of funds, appointment, or registration of a purpose trust are required. Source: SL 2018, ch 275, § 12; SL 2020, ch 206, § 3.