HB1228 — AN ACT to create and enact sections 59‑04.2‑03.1 and 59‑09‑04.1, chapter 59‑10.1, section 59‑14‑05, and chapters 59‑16.1, 59‑16.2, and 59‑16.3 of the North Dakota Century Code, relating to actions to contest the validity of a trust, trust decanting, and directed trustees; to amend and reenact sections 47‑02‑27.4, 59‑04.2‑03, and 59‑16‑13 of the North Dakota Century Code, relating to exclusions from the rule against perpetuities and a trustee's duty to inform; to repeal sections 59‑14‑01, 59‑14‑04, and 59‑16‑08 of the North Dakota Century Code, relating to the capacity of a settlor of a revocable trust, actions contesting the validity of a trust, and powers to direct a trustee; and to provide for retroactive application.

HB1228 — AN ACT to create and enact sections 59‑04.2‑03.1 and 59‑09‑04.1, chapter 59‑10.1, section 59‑14‑05, and chapters 59‑16.1, 59‑16.2, and 59‑16.3 of the North Dakota Century Code, relating to actions to contest the validity of a trust, trust decanting, and directed trustees; to amend and reenact sections 47‑02‑27.4, 59‑04.2‑03, and 59‑16‑13 of the North Dakota Century Code, relating to exclusions from the rule against perpetuities and a trustee's duty to inform; to repeal sections 59‑14‑01, 59‑14‑04, and 59‑16‑08 of the North Dakota Century Code, relating to the capacity of a settlor of a revocable trust, actions contesting the validity of a trust, and powers to direct a trustee; and to provide for retroactive application. · Informed CitizenryHB1228 amends and expands North Dakota laws regarding the administration of trusts. Key provisions include: 1. **Trustee Powers and Duties**: It clarifies a trustee's authority to adjust distribu…Open in Informed Citizenry