35-50-121 - Delayed receipt of trust corpus.
35-50-121. Delayed receipt of trust corpus.
Any trust agreement or declaration of trust may be valid even if no corpus is delivered to the trustee at the time of execution of the instrument if the trustee has the right to receive corpus at a later time or times from the trustor, the trustor's estate or other persons or sources.
[Acts 1989, ch. 288, § 4.]