Statutes Text
Article - Estates and Trusts
§14–615.
An authorized fiduciary may not exercise the decanting power to modify a provision in a first trust instrument granting another person the power to remove or replace the authorized fiduciary unless:
(1) If the modification applies only to the person, the person holding the power consents to the modification in a signed record;
(2) The person holding the power and the qualified beneficiaries of the second trust consent to the modification in a signed record and the modification grants a substantially similar power to another person; or
(3) A court approves the modification and the modification grants a substantially similar power to another person.
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