North Dakota Statutes
§ 59-12-17 — (417) Combination and division of trusts
North Dakota·Title 59 Trusts, Uses, and Powers·Ch. 59-12 Creation, Validity, Modification, and Termination of Trust
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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Nearby Sections
15
§ 59-04.2-01
(102) Definitions§ 59-04.2-02
(103) Fiduciary duties - General principles§ 59-04.2-03
(104) Trustee's power to adjust§ 59-04.2-03.1
Judicial control of discretionary power§ 59-04.2-06
(301) When right to income begins and ends§ 59-04.2-07
(302) Apportionment of receipts and disbursements when decedent dies or income interest begins§ 59-04.2-08
(303) Apportionment when income interest ends§ 59-04.2-09
(401) Character of receipts§ 59-04.2-10
(402) Distribution from trust or estate§ 59-04.2-12
(404) Principal receipts§ 59-04.2-13
(405) Rental property§ 59-04.2-14
(406) Obligation to pay money