633.2301  Spendthrift protection recognized.

Except as otherwise provided in section 633.2302, if the terms of the trust provide that a beneficiary's interest in the income and principal is not subject to either voluntary or involuntary transfer, the beneficiary's interest shall not be transferred and is not subject to enforcement of a money judgment until paid to the beneficiary.

Section History: Recent form

  99 Acts, ch 125, §22, 109

Footnotes

  Section effective July 1, 2000; 99 Acts, ch 125, § 109


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