A term of a trust prohibiting an involuntary transfer of a beneficiary's interest shall be invalid as against claims by any of the following:
1. Any creditor of the beneficiary if the beneficiary is the settlor.
2. Any creditor of the beneficiary as to a distribution to be made upon an event terminating or partially terminating the trust.
99 Acts, ch 125, §23, 109
Referred to in § 633.2301
Section effective July 1, 2000; 99 Acts, ch 125, § 109
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