West Virginia Code 44D-8B-27 – Obligations
Current as of: 2023 | Check for updates
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A debt, liability, or other obligation enforceable against property of a first trust is enforceable to the same extent against the property when held by the second trust after exercise of the decanting power.
Terms Used In West Virginia Code 44D-8B-27
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.