(a)Except as provided in subsections (b) to (e), inclusive, of this section, sections 45a-545a to 45a-545cc, inclusive, apply to an express trust that is irrevocable, whether testamentary or inter vivos, or revocable by the settlor only with the consent of the trustee or a person holding an adverse interest.
(b)Sections 45a-545a to 45a-545cc , inclusive, do not apply to a trust held solely for charitable purposes.
(c)Sections 45a-545a to 45a-545cc , inclusive, do not apply to statutory trusts created pursuant to chapter 615.
(d)Subject to the provisions of section 45a-545o , a trust instrument may restrict or prohibit exercise of the decanting power.
(e)No provision of sections 45a-545a to 45a-545cc , inclusive, as such provision may be applied to a trust established pursuant to and i
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(a) Except as provided in subsections (b) to (e), inclusive, of this section, sections 45a-545a to 45a-545cc, inclusive, apply to an express trust that is irrevocable, whether testamentary or inter vivos, or revocable by the settlor only with the consent of the trustee or a person holding an adverse interest. (b) Sections 45a-545a to 45a-545cc , inclusive, do not apply to a trust held solely for charitable purposes. (c) Sections 45a-545a to 45a-545cc , inclusive, do not apply to statutory trusts created pursuant to chapter 615. (d) Subject to the provisions of section 45a-545o , a trust instrument may restrict or prohibit exercise of the decanting power. (e) No provision of sections 45a-545a to 45a-545cc , inclusive, as such provision may be applied to a trust established pursuant to and in compliance with 42 USC 1396p(d)(4), as amended from time to time, shall be interpreted in a manner that is inconsistent with, or that contravenes, the provisions of federal law, nor shall any court having jurisdiction over any such trust issue an order, judgment, decree or ruling, that is inconsistent with, or that contravenes, the provisions of federal law. (f) Sections 45a-545a to 45a-545cc , inclusive, do not limit the power of a trustee, powerholder or other person to distribute or appoint property in further trust or to modify a trust under the trust instrument, law of this state other than sections 45a-545a to 45a-545cc , inclusive, common law, a court order or a nonjudicial settlement agreement under section 45a-499k . (g) Sections 45a-545a to 45a-545cc , inclusive, do not affect the ability of a settlor to provide in a trust instrument for the distribution of the trust property or appointment in further trust of the trust property or for modification of the trust instrument.