(1) Section 15-1-419, as amended by Senate Bill 09139, enacted in 2009, applies to a trust described in section 15-1-419 (4) on and after the following dates:
If the trust is not funded as of April 16, 2009, the date of the decedent's death;
If the trust is initially funded in the calendar year beginning January 1, 2009, the dateof the decedent's death; or
If the trust is not described in either paragraph (a) or (b) of this subsection (1), January 1, 2009.
Source: L. 2009: Entire section added, (SB 09-139), ch. 131, p. 567, § 3, effective April 16.
SUBPART 7
UNIFORM PRINCIPAL AND INCOME ACT OF 1955