Current with changes from the 2024 Legislative Session
Section 456.2-205 - Enforceability of mediation or arbitration provisions1. Subject to the exception in subsection 2 of this section, a provision in a trust instrument requiring the mediation or arbitration of disputes between or among the beneficiaries, a fiduciary, a person granted nonfiduciary powers under the trust instrument, or any combination of such persons is enforceable.2. A provision in a trust instrument requiring the mediation or arbitration of disputes relating to the validity of a trust is not enforceable unless all interested persons with regard to the dispute consent to the mediation or arbitration of the dispute.Added by 2014 Mo. Laws, SB 500,s A, eff. 8/28/2014.