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2006 Nebraska Revised Statutes - § 30-3851 — (UTC 506) Overdue distribution.
Section 30-3851(UTC 506) Overdue distribution.
(UTC 506) 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.
Source:
- Laws 2003, LB 130, § 51
~Revised Statutes Cumulative Supplement, 2006
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