Section 456.2-205 Enforceability of mediation or arbitration provisions.

MO Rev Stat § 456.2-205 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Effective 28 Aug 2014

456.2-205. Enforceability of mediation or arbitration provisions. — 1. Subject to the exception in subsection 2 of this section, a provision in a trust instrument requiring the mediation or arbitration of disputes between or among the beneficiaries, a fiduciary, a person granted nonfiduciary powers under the trust instrument, or any combination of such persons is enforceable.

2. A provision in a trust instrument requiring the mediation or arbitration of disputes relating to the validity of a trust is not enforceable unless all interested persons with regard to the dispute consent to the mediation or arbitration of the dispute.

­­--------

(L. 2014 S.B. 500)