55-1-22.3. Spendthrift provision in hybrid purpose trust--Qualified dispositions in trust.
22 words·~1 min read·
/sd/title-55/chapter-55-1/55-1-22-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A hybrid purpose trust may:
(1)Contain a spendthrift provision; and
(2)Also qualify as a trust described in § 55-16-2 .