91-9-503 - Beneficiary's interests not subject to transfer; restrictions on transfers and enforcements of money judgments. - Mississippi Statutes

§ 91-9-503. Beneficiary's interests not subject to transfer; restrictions on transfers and enforcements of money judgments.
 

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. 
 

Sources: Laws,  1998, ch. 460, § 2, eff from and after passage (approved March 23, 1998).