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§ 14-613. Compensation of fiduciary

West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2023

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 14. Trusts (Refs & Annos)
Subtitle 6. Maryland Trust Decanting Act (Refs & Annos)
Effective: October 1, 2023
MD Code, Estates and Trusts, § 14-613
§ 14-613. Compensation of fiduciary
Currentness
An authorized fiduciary may not exercise the decanting power to increase the authorized fiduciary's compensation, unless:
(1) All qualified beneficiaries of the second trust consent to the increase in a signed record;
(2) A court approves the increase; or
(3) The increase is incidental to other changes made by the exercise of the decanting power.

Credits

Added by Acts 2023, c. 715, § 1, eff. Oct. 1, 2023; Acts 2023, c. 716, § 1, eff. Oct. 1, 2023.
MD Code, Estates and Trusts, § 14-613, MD EST & TRST § 14-613
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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