55-4-8. Trust to pay special debts--Failure of beneficiary to present claim for payment--Revocation of trust by depositor.
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/sd/title-55/chapter-55-4/55-4-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If any beneficiary for whom a trust is created pursuant to § 55-4-7 does not present his claim to the bank for payment within one year after it is due, the depositor who created such trust may revoke it as to such creditor.