N.D. Cent. Code § 59-16.1-15

Current through 2023 Legislative Sessions
Section 59-16.1-15 - Power clarified

A power authorized under sections 59-16.1-04 and 59-16.1-05 may be exercised subject to the provisions of section 59-16.1-10, unless expressly prohibited by the terms of the governing instrument or by the provisions of section 59-16.1-10, but a general prohibition of the amendment or revocation of the invaded trust or a provision that constituting a spendthrift clause does not preclude the exercise of a power under sections 59-16.1-04 and 59-16.1-05.

N.D.C.C. § 59-16.1-15

Added by S.L. 2017, ch. 416 (HB 1228),§ 8, eff. 8/1/2017.