Md. Code, Est. & Trusts § 14-607

Current with changes from the 2024 Legislative Session
Section 14-607 - Record of exercise of decanting power
(a) Any exercise of the decanting power shall be made in a record signed by an authorized fiduciary.
(b)
(1) The record required by this subsection shall identify:
(i) The first trust;
(ii) Any second trust;
(iii) Any property being distributed to a second trust; and
(iv) Any property remaining in the first trust.
(2) The record required by this subsection may include information by reference to the notice required by § 14-605 of this subtitle.

Md. Code, ET § 14-607

Added by 2023 Md. Laws, Ch. 716, Sec. 1, eff. 10/1/2023.
Added by 2023 Md. Laws, Ch. 715, Sec. 1, eff. 10/1/2023.