§60-175.91. Validity of trust provisions.
70 words·~1 min read·
/ok/title-60-property/60-175-91A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. A provision which provides that a current distribution interest shall either become a discretionary interest or shall terminate upon the attachment by a creditor, including an exception creditor, is valid.
B. A provision that provides a remainder interest shall terminate or change into a dynasty interest upon attachment by a creditor, including an exception creditor, is valid. Added by Laws 2010, c. 280, § 11, eff. Nov. 1, 2010.