§ 59-09-05 — (105) Default and mandatory rules

North Dakota § 59-09-05

• Jurisdiction: North Dakota
• Title 59: Trusts, Uses, and Powers
• Ch. 59-09: General Provisions and Definitions

Text

1. Except as otherwise provided in the terms of the trust, this title governs the duties and
powers of a trustee, relations among trustees, and the rights and interests of a
beneficiary.
2. The terms of a trust prevail over any provision of this title except:
a. The requirements for creating a trust;
b. The duty of a trustee to act in good faith and in accordance with the purposes of
the trust;
c. The requirement that a trust and its terms be for the benefit of its beneficiaries,
and that the trust have a purpose that is lawful and possible to achieve;
d. The power of the court to modify or terminate a trust under sections 59-12-10,
59-12-11, 59-12-12, 59-12-13, 59-12-14, 59-12-15, and 59-12-16;

e. The effect of a spendthrift provision and the rights of certain creditors and
assignees to reach a trust as provided in chapter 59-13;
f. The power of the court under section 59-15-02 to require, dispense with, or
modify or terminate a bond;
g. The power of the court under subsection 2 of section 59-15-08 to adjust a
trustee's compensation specified in the terms of the trust which is unreasonably
low or high;
h. The effect of an exculpatory term under section 59-18-08;
i. The rights under sections 59-18-10, 59-18-11, 59-18-12, and 59-18-13 of a
person other than a trustee or beneficiary;
j. Periods of limitation for commencing a judicial proceeding;
k. The power of the court to take such action and exercise such jurisdiction as may
be necessary in the interests of justice; and
l. The subject matter jurisdiction of the court and venue for commencing a
proceeding as provided in section 59-10-04.