55-1-46. No contest clause defined--Enforceability.
For purposes of §§55-1-46 to 55-1-51, inclusive, a no contest clause is a provision or clause in a trust, that penalizes a qualified beneficiary for contesting a trust or instituting other proceedings at law or equity relating to the trust estate, excluding proceedings related to trust administration. Except as provided in §§55-1-47 to 55-1-51, inclusive, a no contest clause shall be enforced unless probable cause exists for instituting the proceeding on the grounds of:
(1)Fraud;
(2)Duress;
(3)Revocation;
(4)Lack of contractual capacity;
(5)Undue influence;
(6)Mistake;
(7)Forgery; or
(8)Irregularity in the execution of the trust document.
Source: SL 2012, ch 233, §8.