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2018 Arizona Revised Statutes
Title 14 - Trusts, Estates and Protective Proceedings
§ 14-2903 Reformation of a disposition plan; conditions
Universal Citation: AZ Rev Stat § 14-2903 (2018)
14-2903. Reformation of a disposition plan; conditions
On the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution and that is within the five hundred years allowed under section 14-2901 if:
1. A nonvested property interest or a power of appointment becomes invalid under section 14-2901.
2. A class gift is not but might become invalid under section 14-2901 and the time has arrived when the share of any class member is to take effect in possession or enjoyment.
3. A nonvested property interest that is not validated by section 14-2901, subsection A, paragraph 1 can vest but not within ninety years after its creation.
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