59-16.1-09. Current need to invade principal.
38 words·~1 min read·
/nd/title-59/chapter-59-16-1-trust-decanting/59-16-1-09·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.