(502) Spendthrift provision
N.D. Cent. Code § 59-13-02
in effect59-13-02. (502) Spendthrift provision
1. A spendthrift provision is valid if it restrains either the voluntary or involuntary transfer
or both the voluntary and involuntary transfer of a beneficiary's interest.
2. A term of a trust providing that the interest of a beneficiary is held subject to a
spendthrift trust, or words of similar import, is sufficient to restrain both voluntary and
involuntary transfer of the beneficiary's interest.
3. A beneficiary may not transfer an interest in a trust in violation of a valid spendthrift
provision and, except as otherwise provided in this chapter, a creditor or assignee of
the beneficiary may not reach the interest or a distribution by the trustee before its
receipt by the beneficiary.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t59c13.pdf#nameddest=59-13-02Fetched: 10/16/2026