North Dakota § 59-16.2-08 Application

North Dakota Statutes

§ 59-16.2-08 — Application

North Dakota § 59-16.2-08

Title 59Trusts, Uses, and Powers

Ch. 59-16.2Directed Trustees

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Bluebook

N.D. Cent. Code § 59-16.2-08 (2026).

Text

This chapter applies to:

1.Existing and future trusts that appoint or provide for a directing party including a party granted power or authority effectively comparable in substance to that of a directing party as provided in this chapter; or

2.An existing or future trusts that:

a.Are modified in accordance with applicable law or the terms of the governing instrument to appoint or provide for a directing party; or

b.Are modified to appoint or provide for a directing party, including a party granted power or authority effectively comparable in substance to that of a directing party, in accordance with a court order, or a nonjudicial settlement agreement whether the order or agreement specifies this chapter governs the responsibilities, actions, and liabilities of persons designated as a

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This chapter applies to:
1. Existing and future trusts that appoint or provide for a directing party including a party
granted power or authority effectively comparable in substance to that of a directing
party as provided in this chapter; or
2. An existing or future trusts that:
a. Are modified in accordance with applicable law or the terms of the governing
instrument to appoint or provide for a directing party; or
b. Are modified to appoint or provide for a directing party, including a party granted
power or authority effectively comparable in substance to that of a directing party,
in accordance with a court order, or a nonjudicial settlement agreement whether
the order or agreement specifies this chapter governs the responsibilities,
actions, and liabilities of persons designated as a directing party or excluded
fiduciary.