Section 34-NEW - [Newly enacted section not yet numbered] [Effective 1/1/2025] Removal or replacement of authorized fiduciaryAn authorized fiduciary may 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.Conn. Gen. Stat. § 34-NEW
Added by P.A. 24-0104,S. 18 of the Connecticut Acts of the 2024 Regular Session, eff. 1/1/2025.