If more than one permitted transfer is made by means of the same trust instrument:

1. (1) The making of a subsequent permitted transfer shall be disregarded in determining whether a creditor's claim with respect to a prior permitted transfer is extinguished as provided in section 554G-8; and
2. (2) Any distribution to a beneficiary shall be deemed to have been made from the latest permitted transfer.

[L 2010, c 182, pt of §2]