59-16.1-11. Subsequently discovered assets.
109 words·~1 min read·
/nd/title-59/chapter-59-16-1-trust-decanting/59-16-1-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless the authorized trustee provides otherwise:
1. The appointment of all the assets comprising the principal of the invaded trust to an
appointed trust must include subsequently discovered assets of the invaded trust and
undistributed principal of the invaded trust acquired after the appointment to the
appointed trust; and
2. The appointment of part but not all of the assets comprising the principal of the
invaded trust to an appointed trust may not include subsequently discovered assets
belonging to the invaded trust and principal paid to or acquired by the invaded trust
after the appointment to the appointed trust. These assets must remain the assets of
the invaded trust.