Multiple transfers.

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§554G-11 Multiple transfers. If more than one permitted transfer is made by means of the same trust instrument:

(1) The making of a subsequent permitted transfer shall be disregarded in determining whether a creditor's claim with respect to a prior permitted transfer is extinguished as provided in section 554G-8; and

(2) Any distribution to a beneficiary shall be deemed to have been made from the latest permitted transfer. [L 2010, c 182, pt of §2]


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