III Trust Arbitration as a Matter of National Law, 6 Arbitration and the United States Uniform Trust Code »
David M EnglishFrom: Arbitration of Trust Disputes: Issues in National and International Law
Edited By: SI Strong, Tony Molloy (Consultant Editor)
The Uniform Trust Code (UTC) is the first effort by the Uniform Law Commission (ULC) to provide individual states in the United States with a comprehensive model for codifying their law on trusts. The UTC, however, deals with the subject of arbitration of trust disputes in only a limited way. This chapter describes the reasons for this limited coverage but also how in the future the UTC might be amended to deal with arbitration more comprehensively. It suggests that the challenge to the ULC is to design an arbitration provision, either in the UTC or elsewhere, that will most likely lead to results that are both efficient and fair.