(1) A settlor may designate in the trust instrument a method of nonjudicial alternate
dispute resolution that is valid, enforceable, and irrevocable, except on a ground
that exists at law or in equity for the invalidation of a trust. Such methods of nonjudicial dispute resolution may include rules of notice and procedure. The settlor may bind beneficiaries and assigns to the methods of dispute resolution.
(2) A method of nonjudicial dispute resolution provided by the settlor in the trust
instrument does not preclude the court's authority to enter an order of alternate
dispute resolution, which does not eliminate or negate the method of nonjudicial dispute
resolution provided by the settlor except on a ground that exists at law or in equity
for the invalidation of a trust.
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