North Dakota Code 59-16.1-09 – Current need to invade principal
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An authorized trustee may exercise the power to appoint in favor of an appointed trust under sections 59-6.1-04 and 59-16.1-05 whether or not there is a current need to invade principal under the terms of the invaded trust.
Terms Used In North Dakota Code 59-16.1-09
- Trustee: A person or institution holding and administering property in trust.