Va. Code § 64.2-779.15: Removal or replacement of authorized fiduciary
Where this section sits in the code
- Title 64.2. WILLS, TRUSTS, AND FIDUCIARIES
- Subtitle III. TRUSTS
- Chapter 7. UNIFORM TRUST CODE
- Article 8.1. UNIFORM TRUST DECANTING ACT
An 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; or3. The court approves the modification and the modification grants a substantially similar power to another person.2017, c. 592.
Collected 2026-09-04T15:18:14Z. Source file · JSON