§ 75-7-506. Overdue distribution.

Latest version.

Whether or not a trust contains a spendthrift provision, a creditor or assignee of a beneficiary may reach a mandatory distribution of income or principal, including a distribution upon termination of the trust, if the trustee has not made the distribution to the beneficiary within a reasonable time after the required distribution date.

Enacted by Chapter 89, 2004 General Session

                    
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