Current through P.L. 171-2024
Section 30-4-2.1-17 - Limits on creditors of beneficiaries who may replace or remove a trustee or who are also trustees or co-trustees(a) A creditor may not reach, exercise, or otherwise acquire an interest of a beneficiary or any other person who holds an unconditional or conditional removal or replacement power over a trustee. A power described in this subsection is personal to a beneficiary or other person and may not be exercised by the person's creditors. A court may not direct a person to exercise the power.(b) A creditor may not: (1) reach an interest of a beneficiary who is also a trustee or co-trustee; or(2) otherwise compel a distribution to a beneficiary who is also a trustee or co-trustee.(c) A court may not foreclose against an interest held by a beneficiary described in subsection (b).As added by P.L. 6-2010, SEC.17.