Unless otherwise provided by the terms of the trust instrument, a contract of sale made by a trustee to convey property that is the subject of a specific distribution is not a revocation of the specific distribution. If all or part of the property that is the subject of the contract of sale has not been delivered at the time set in the trust instrument for the specific distribution, the property passes by the specific distribution but is subject to the terms of the contract of sale. [Formerly 128.380]
Section: Previous 130.505 130.510 130.515 130.520 130.525 130.530 130.535 130.540 130.545 130.550 130.555 130.560 130.565 130.570 130.575 NextLast modified: August 7, 2008