Except as provided in Section 91-9-509, if the trust instrument provides that a beneficiary’s interest in income or principal or both of a trust is not subject to voluntary or involuntary transfer, the beneficiary’s interest in income or principal or both under the trust may not be transferred and is not subject to the enforcement of a money judgment until paid to the beneficiary.
Miss. Code Ann. § 91-9-503
Beneficiary’s interests not subject to transfer; restrictions on transfers and enforcements of money judgments
Applied in 2 court decisions — leading case 147 Cal. App. 4th 1078 - Young v. McCoy (2007)
Most recently applied in 147 Cal. App. 4th 1078 - Young v. McCoy (February 2007)
Laws, 1998, ch. 460, § 2; Laws, 2014, ch. 513, § 13; Laws, 2016, ch. 396, § 12, eff from and after July 1, 2014.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.