SECOND REGULAR SESSION
HOUSE BILL NO. 1135
97TH GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVE AUSTIN.
4560L.01I D. ADAM CRUMBLISS, Chief Clerk
To amend chapter 456, RSMo, by adding thereto one new section relating to the mediation of trust provisions.
Be it enacted by the General Assembly of the state of Missouri, as follows:
Section A. Chapter 456, RSMo, is amended by adding thereto one new section, to be known as section 456.2-205, to read as follows:
456.2-205. 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.