Section 564-D:14 More Than One Qualified Disposition Is Made by Means of Same Trust Instrument. - New Hampshire Statutes

If more than one qualified disposition is made by means of the same trust instrument:
   I. 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 RSA 564-D:10;
   II. With respect to each subsequent qualified disposition, the limitations period with respect to actions brought under RSA 545-A, the Uniform Fraudulent Transfer Act, shall commence on the date such qualified disposition is made; and
   III. Any distribution to a beneficiary is deemed to have been made from the latest such qualified disposition.

Source. 2008, 374:27, eff. Sept. 9, 2008.