Arizona Revised Statutes § 14-2903 Reformation Of A Disposition Plan; Conditions

14-2903. Reformation of a disposition plan; conditions

On the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution and that is within the five hundred years allowed under section 14-2901 if:

1. A nonvested property interest or a power of appointment becomes invalid under section 14-2901.

2. A class gift is not but might become invalid under section 14-2901 and the time has arrived when the share of any class member is to take effect in possession or enjoyment.

3. A nonvested property interest that is not validated by section 14-2901, subsection A, paragraph 1 can vest but not within ninety years after its creation.

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Last modified: October 13, 2016