Multiple qualified dispositions in same trust instrument

If more than one qualified disposition is made by means of the same trust instrument: (1) The making of a subsequent qualified disposition shall be disregarded in determining whether a creditor's claim with respect to a prior qualified disposition is extinguished as provided in § 55-16-10 ; and (2) Any distribution to a beneficiary is deemed to have been made from the latest such qualified disposition. Source: SL 2005, ch 261, § 14.