Vermont § 1418 Removal or replacement of authorized fiduciary

Vermont Statutes

§ 1418 — Removal or replacement of authorized fiduciary

Vermont § 1418

Title 14ATitle 14A: Trusts

Ch. 14Chapter 014: Uniform Trust Decanting Act

This text of Vermont § 1418 (Removal or replacement of authorized fiduciary) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 14A, § 1418 (2026).

Text

An authorized fiduciary shall not exercise the decanting power to modify a provision in a first-trust instrument granting another person power to remove or replace the fiduciary unless:

(1)the person holding the power consents to the modification in a signed record and the modification applies only to the person;

(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)the court approves the modification and the modification grants a substantially similar power to another person. (Added 2023, No. 177 (Adj. Sess.), § 1, eff. July 1, 2024.)

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An authorized fiduciary shall not exercise the decanting power to modify a provision in a first-trust instrument granting another person power to remove or replace the fiduciary unless:
(1) the person holding the power consents to the modification in a signed record and the modification applies only to the person;
(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) the court approves the modification and the modification grants a substantially similar power to another person. (Added 2023, No. 177 (Adj. Sess.), § 1, eff. July 1, 2024.)