2006 Code of Virginia § 55-545.06 - Overdue distribution.

55-545.06. Overdue distribution.

Whether or not a trust contains a spendthrift provision, a creditor orassignee of a beneficiary may reach a mandatory distribution of income orprincipal, including a distribution upon termination of the trust, if thetrustee has not made the distribution to the beneficiary within a reasonabletime after the designated distribution date.

(2005, c. 935.)

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