If more than one qualified disposition is made by means of the same trust instrument:
- (1) The making of a subsequent qualified disposition shall be disregarded in determining whether a creditor's claim with respect to a prior qualified disposition is extinguished as provided in § 55-16-10; and
- (2) Any distribution to a beneficiary is deemed to have been made from the latest such qualified disposition.
Source: SL 2005, ch 261 , § 14.