N.D. Cent. Code § 59-13-06: (506) Overdue distribution
Where this section sits in the code
- Title 59 Trusts
- Chapter 59-13 Creditor'S Claims - Spendthrift And Discretionary Trusts
1.In this section, "mandatory distribution" means a distribution of income or principal which the trustee is required to make to a beneficiary under the terms of the trust, including a distribution upon termination of the trust. The term does not include a distribution subject to the exercise of the trustee's discretion even if:
a.The discretion is expressed in the form of a standard of distribution; or
b.The terms of the trust authorizing a distribution couple language of discretion with language of direction.
2.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 designated distribution date.
Collected 2026-09-02T21:04:14Z. Source file · JSON