North Dakota § 59-12-17 (417) Combination and division of trusts

North Dakota Statutes

§ 59-12-17 — (417) Combination and division of trusts

North Dakota § 59-12-17

Title 59Trusts, Uses, and Powers

Ch. 59-12Creation, Validity, Modification, and Termination of Trust

This text of North Dakota § 59-12-17 ((417) Combination and division of trusts) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 59-12-17 (2026).

Text

After notice to the qualified beneficiaries, a trustee may combine two or more trusts into a
single trust or divide a trust into two or more separate trusts, if the result does not impair rights
of any beneficiary or adversely affect achievement of the purposes of the trust. The terms of
each new trust created by a division under this section do not have to be identical if the interest
of each beneficiary is substantially the same under the terms of the trust prior to its division and
the combined terms of all trusts after the division. Two or more trusts may be combined into a
single trust if the interests of each beneficiary in the trust resulting from the combination are
substantially the same as the combined interests of the beneficiary in the trusts prior to the
combination. The trust

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After notice to the qualified beneficiaries, a trustee may combine two or more trusts into a
single trust or divide a trust into two or more separate trusts, if the result does not impair rights
of any beneficiary or adversely affect achievement of the purposes of the trust. The terms of
each new trust created by a division under this section do not have to be identical if the interest
of each beneficiary is substantially the same under the terms of the trust prior to its division and
the combined terms of all trusts after the division. Two or more trusts may be combined into a
single trust if the interests of each beneficiary in the trust resulting from the combination are
substantially the same as the combined interests of the beneficiary in the trusts prior to the
combination. The trustee shall determine the terms controlling any trust after its combination as
authorized by this section.