North Dakota Statutes
§ 59-16.2-04 — Designation and powers of distribution trust advisor
North Dakota § 59-16.2-04
This text of North Dakota § 59-16.2-04 (Designation and powers of distribution trust advisor) 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 § 59-16.2-04 (2026).
Text
1.A distribution trust advisor may be designated in the governing instrument of a trust.
The powers of a distribution trust advisor may be exercised or not exercised in the sole
and absolute discretion of the distribution trust advisor, and are binding on all other
persons, including each beneficiary, each fiduciary, each excluded fiduciary, and any
other person having an interest in the trust.
2.The governing instrument may use the title "distribution trust advisor" or a similar
name or description demonstrating the intent to provide for the office and function of a
distribution trust advisor.
3.Unless the terms of the governing instrument provide otherwise, the distribution trust
advisor may direct the trustee with regard to all decisions relating directly or indirectly
to discretiona
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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 moneyCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 59-16.2-04, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/59-16.2-04.