KRS 386B.13-210: Saving provision -- Applicable rules.
Where this section sits in the code
(1) If exercise of the decanting power would be effective under KRS 386B.13 -010 to
386B.13-280 except that the second -trust instrument in part does not comply with
the provisions of KRS 386B.13 -010 to 386B.13 -280, the exercise of the power is
effective and the following rules shall apply with respect to the principal of the
second trust attributable to the exercise of the power:
(a) A provision in the second -trust instrument which is not permitted under KRS
386B.13-010 to 386B.13 -280 is void to the extent neces sary to comply with
KRS 386B.13-010 to 386B.13-280; and
(b) A provision required by KRS 386B.13 -010 to 386B.13 -280 to be in the
second-trust instrument which is not contained in the instrument is deemed to
be included in the instrument to the extent necess ary to comply with KRS
386B.13-010 to 386B.13-280.
(2) If a trustee or other fiduciary of a second trust determines that subsection (1) of this
section applies to a prior exercise of the decanting power, the fiduciary shall take
corrective action consistent with the fiduciary's duties.
Collected 2026-09-05T20:59:20Z. Source file · JSON