A spendthrift provision as described in Section 91-9-703(n)(3) shall be deemed to be a restriction on the transfer of the transferor's beneficial interest in the trust that is enforceable under applicable nonbankruptcy law within the meaning of Section 541(c)(2) of the Bankruptcy Code, codified in 11 USCS, Section 541(c)(2), or any successor provision.
Structure Mississippi Code
Chapter 9 - Trusts and Trustees
Article 15 - Mississippi Qualified Disposition in Trust Act
§ 91-9-705. Qualified affidavit; contents
§ 91-9-709. Transferor's powers and rights
§ 91-9-711. Avoidance of qualified disposition
§ 91-9-713. Spendthrift restriction
§ 91-9-715. Qualified trustees; advisors
§ 91-9-717. Investment advisors; service
§ 91-9-719. Failure to meet requirements; qualified trustees