72-33-210. Exception to doctrine of merger. If a trust provides for one or more successor beneficiaries after the death of the trustor, the trust is not invalid, merged, or terminated in either of the following circumstances:
     (1) where there is one trustor who is the sole trustee and the sole beneficiary during the trustor's lifetime; or
     (2) where there are two or more trustors, one or more of whom are trustees, and the beneficial interest in the trust is in one or more of the trustors during the lifetime of the trustors.

     History: En. Sec. 18, Ch. 685, L. 1989.