§ 14-615
105 words·~1 min read·
/md/estates-and-trusts/14-615A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§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.