Mo. Rev. Stat. § 456.5-506
Mandatory distribution defined — overdue distribution
Missouri · Revised Statutes of Missouri Chapter 456 — Trusts and Trustees — The Uniform Trust Code · Status: effective · Effective 2006-08-28
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- Citation
- Mo. Rev. Stat. § 456.5-506, Mandatory distribution defined — overdue distribution, Missouri, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1817951
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Full text
1. As used in this section, "mandatory distribution" means a distribution of income or principal which the trustee is required to make to a beneficiary under the terms of the trust, including a distribution upon termination of the trust. The term does not include a distribution subject to the exercise of the trustee's discretion even if (1) the discretion is expressed in the form of a standard of distribution, or (2) the terms of the trust authorizing a distribution couple language of discretion with language of direction.
2. Whether or not a trust contains a spendthrift provision, a creditor or assignee of a beneficiary may reach a mandatory distribution of income or principal, including a distribution upon termination of the trust, if the trustee has not made the distribution to the beneficiary within a reasonable time after the required distribution date.