N.D. Cent. Code § 59-16.1-09

Current through 2024 Legislative Session
Section 59-16.1-09 - Current need to invade principal

An authorized trustee may exercise the power to appoint in favor of an appointed trust under sections 59-6.1-04 and 59-16.1-05 whether or not there is a current need to invade principal under the terms of the invaded trust.

N.D.C.C. § 59-16.1-09

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