Section 564-D:8 Transferor's Powers and Rights. - New Hampshire Statutes

A qualified disposition is subject to RSA 564-D:9 to RSA 564-D:14, inclusive, notwithstanding a transferor's retention of any or all of the powers and rights described in RSA 564-D:2, II or the transferor's service as trust advisor pursuant to RSA 564-D:5. The transferor has only such powers and rights as are conferred by the trust instrument. Except as permitted by RSA 564-D:2 and RSA 564-D:5, a transferor has no rights or authority with respect to the property that is the subject of a qualified disposition or the income therefrom, and any agreement or understanding purporting to grant or permit the retention of any greater rights or authority is void.

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