§ 1421.
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/vt/1421A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 1421. Need to distribute not required
An authorized fiduciary may exercise the decanting power whether or not under the first trust’s discretionary distribution standard the fiduciary would have made or could have been compelled to make a discretionary distribution of principal at the time of the exercise. (Added 2023, No. 177 (Adj. Sess.), § 1, eff. July 1, 2024.)