KRS 386B.13-030: Fiduciary duty in exercising decanting power.

(1) In exercising the decanting power, an authorized fiduciary shall act in accordance

with its fiduciary duties, including the duty to act in accordance with the purposes

of the first trust.

(2) KRS 386B.13 -010 to 386B.13 -280 do not create or imply a duty to exercise the

decanting power or to inform the beneficiaries about the applicability of KRS

386B.13-010 to 386B.13-280.

(3) Except as otherwise provided in a first -trust instrument, for purposes of KRS

386B.12-010 to 386B.12 -170 and 386B.8 -010 and 386B.8 -020, the terms of the

first trust are deemed to include the decanting power.