§60-1316. Multiple qualified dispositions by same trust instrument.
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/ok/title-60-property/60-1316A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If more than one qualified disposition is made by means of the same trust instrument:
1. The making of a subsequent qualified disposition shall be disregarded in determining whether a creditor's claim with respect to a prior qualified disposition is extinguished as provided in Section 30 of this act; and
2. Any distribution to a beneficiary is deemed to have been made from the latest such qualified disposition. Added by Laws 2024, c. 369, § 34, eff. Nov. 1, 2024.