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§ 14-607. Exercise of decanting power to be recorded

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, § 14-607
§ 14-607. Exercise of decanting power to be recorded
Currentness
In general
(a) Any exercise of the decanting power shall be made in a record signed by an authorized fiduciary.
Contents of record
(b)(1) The record required by this subsection shall identify:
(i) The first trust;
(ii) Any second trust;
(iii) Any property being distributed to a second trust; and
(iv) Any property remaining in the first trust.
(2) The record required by this subsection may include information by reference to the notice required by § 14-605 of this subtitle.

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, § 14-607, MD EST & TRST § 14-607
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.
End of Document