75B-2-501. Rights of beneficiary's creditor or assignee.
90 words·~1 min read·
/ut/title-75b/chapter-2/75b-2-501A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
75B-2-501. Rights of beneficiary's creditor or assignee.
(1)To the extent a beneficiary's interest is not protected by a spendthrift provision or Chapter 1, Part 3, Asset Protection Trust, the court may authorize a creditor or assignee of the beneficiary to reach the beneficiary's interest by attachment of present or future distributions to or for the benefit of the beneficiary or other means.
(2)The court may limit the award to relief as is appropriate under the circumstances.
Renumbered and Amended by Chapter 310 , 2025 General Session