59-14-03. (603) Settlor's powers - Powers of withdrawal.
67 words·~1 min read·
/nd/title-59/chapter-59-14-revocable-trusts/59-14-03·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. While a trust is revocable, rights of the beneficiaries are subject to the control of, and
the duties of the trustee are owed exclusively to, the settlor.
2. During the period the power may be exercised, the holder of a power of withdrawal
has the rights of a settlor of a revocable trust under this section to the extent of the
property subject to the power.