State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter30 > 30-3855

30-3855. (UTC 603) Rights and duties.(UTC 603) (a) While a trust is revocable, rights of the beneficiaries are subject to the control of, and the duties of the trustee are owed exclusively to, the settlor.(b) During the period the power may be exercised, the holder of a power of withdrawal has the rights of a settlor of a revocable trust under this section to the extent of the property subject to the power. SourceLaws 2003, LB 130, § 55; Laws 2004, LB 999, § 27; Laws 2005, LB 533, § 43.