N.D. Cent. Code § 59-16.1-07

Current through 2024 Legislative Session
Section 59-16.1-07 - Term of appointed trust

The appointed trust to which an authorized trustee appoints the assets of the invaded trust may have a term that is longer than the term set forth in the invaded trust, including, a term measured by the lifetime of a current beneficiary.

N.D.C.C. § 59-16.1-07

Added by S.L. 2017, ch. 416 (HB 1228),§ 8, eff. 8/1/2017.