Section 7-3.4. Excess income from trust property subject to creditors' claims

Latest version.

Where  a  trust  is created to receive the income from property and no
  valid direction for accumulation is given, the income in excess  of  the
  sum  necessary  for  the  education  and  support  of the beneficiary is
  subject to the claims of his creditors  in  the  same  manner  as  other
  property which cannot be reached by execution.

                    
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